Inovalon Inc. which offers cloud services to the health care industry, said Wednesday it has agreed to acquire Ability Network for $1.2 billion in cash and restricted stock. The Bowie, Md.-based Inovalon expects the deal to close in April and to boost 2018 non-GAAP per-share earnings. Ability is a cloud-based software-as-a-service company that aims to ease the administrative and clinical processes in health care. The company serves more than 44,000 acute, post-acute and ambulatory point-of-care provider facilities, Inovalon said in a statement. The company is now expecting 2018 adjusted EPS to range from 36 cents to 42 cents, up from prior guidance of 31 cents to 35 cents. Revenue is expected to range from $568 million to $593 million, up from prior guidance of $462 million to $482 million. Shares were not yet active premarket, but have gained 6% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.42% has gained 15%.