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Coker Capital Advisors Advises Care Communications in its sale to IOD Incorporated

Atlanta, GA /Charlotte, NC/New York, NY –

Coker Capital Advisors announced today that IOD Incorporated (“IOD”) entered an agreement to acquire Chicago-based Care Communications, Inc. (“CARE”). IOD and CARE are both industry leaders and innovators of Health Information Management (HIM) solutions that deliver on-demand, actionable information to operational and financial executives throughout the enterprise. Coker Capital Advisors acted as the exclusive financial advisor to CARE in this transaction. Terms of the transaction were not disclosed.

This transaction represents Coker Capital’s second transaction in the HIM industry in 2015. “Coker Capital’s excellent experience in the M&A process, and their extensive knowledge of the HIM services industry helped us find the right fit for carrying on the work and spirit of our 39 year old company,” said Leslie Ann Fox, CARE’s Chief Executive Officer. Patty Thierry Sheridan, CARE’s President, elaborated by saying, “We were seeking a partner with a shared vision, shared values, and complementary services to assure continuity for our clients as well as enabling them access to a more complete line of HIM services. Coker Capital’s professional and deliberate approach to the engagement enabled us to find such a match and to successfully complete the deal.”

About Care Communications

Care Communications, Inc., a pioneer in delivering HIM services and a nationally recognized data quality leader, has served the needs of leading healthcare organizations since 1976. Care Communications offers a comprehensive suite of HIM services for consulting, data quality and coding compliance, oncology data, and clinical research. Care Communications has been a preferred vendor for Novation since 2007 and has been an Elite Award winner as one of Chicago’s “101 Best and Brightest Companies to Work For” since 2008. To learn more, visit www.carecommunications.com.

About IOD Incorporated

With more than 30 years’ experience in modernizing HIM, IOD unlocks data throughout the healthcare enterprise for on-demand delivery in actionable form. With a unifying, technology-driven solution set covering traditionally separated functions — release of information (ROI), coding, audit management, denial management, document management, and more — IOD empowers healthcare enterprises with performance-improving information that crosses functional lines. To learn more, visit www.IODIncorporated.com.

About Coker Capital Advisors

Coker Capital Advisors is a healthcare-focused investment bank offering mergers and acquisitions, capital raising, and other strategic advisory services to privately and publicly owned middle market healthcare companies. The firm’s website is www.cokercapital.com.