Maryland Venture Capital Companies Invest in SourceMedical Solutions

ABS Capital Partners, a Maryland based
Private Equity and Venture Capital firm was attracted to the company’s growth
and superior health care technology solutions.

ABS Capital Partners
announced it invested $16 Million in SourceMedical Solutions, Inc., a leading
provider of outpatient information management solutions. The financing was led
by ABS Capital Partners, a leading private equity firm focused on investing in
established and profitable growth companies, with participation from existing
individual investors. The investment will be used to provide capital for
expansion purposes and to retire existing debt obligations. John Stobo, a
general partner at ABS Capital Partners, and Mark Anderson, a principal at ABS
Capital Partners, will join SourceMedical’s board of directors.

“SourceMedical’s financial results and strength have improved over the past
year and we continue to make progress,” said Scott Stone, executive vice
president and chief financial officer of SourceMedical. “ABS Capital has a
proven track record in the healthcare IT sector, backing many of the industry’s
leaders over the past decade. We believe that this investment, coupled with
their experience in high growth companies, will be valuable to us as we continue
to serve our markets.”

“SourceMedical is a great example of the kind of growth we look for as
investors,” said Mark Anderson, principal at ABS Capital Partners. “The company
is selling a leading solution in a fast-growing market, has a management team
that has been known to us for some time and has performed well. As more and more
procedures get moved to alternate sites, those providers will increasingly need
sophisticated solutions to help them to manage their workflow and navigate a
complex regulatory and reimbursement environment. We look forward to partnering
with SourceMedical to continue to capitalize on the growing demand for their
offerings and build a significant company.”

SourceMedical’s software is designed to support the core operational
requirements of ASCs and rehabilitative therapy centers. It also offers the free
standing diagnostic imaging center market an application service provider
(ASP)-based Radiology Information System capable of interfacing with picture
archiving and communication systems. Today, more than 3,300 satisfied customers
rely on SourceMedical for innovative applications, in-depth industry expertise
and unsurpassed customer service.

ABS Capital Partners is a private equity firm that was founded in 1990 to
invest in mid- to later- stage growth companies in order to create significant,
market-leading companies. The firm’s investment strategy focuses on companies in
the healthcare, technology, business services and media & communications
sectors. ABS partners with strong management teams to help build businesses with
substantial revenues, near-term profitability and solid customer bases. The firm
has created long-term value for management and investors, and has $1.5 billion
under management and nine investing partners within offices in Baltimore, San
Francisco and Boston.

For more
information, please visit

www.abscapital.com