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Echo Health Acquires Prelude Software, Creating A Modernized, Fully Integrated Digital Payment Platform

Jan 04, 2023•almost 3 years ago

Acquiring Company

ECHO Health

Acquired Company

Prelude Software

PaymentsFintechFinancial ServicesPaymentsFintechFinancial ServicesSoftware

Description

ECHO Health, Inc. (ECHO®), a market leader in insurance claim disbursements, announced today it has acquired Prelude Software, provider of PayPilot®, the disbursement-hub solution used by insurers, hospitals and governments.

Company Information

Company

ECHO Health

About

ECHO® is a technology company focused on removing complexity and costs from payment processing. We save our customers over $1 billion per year through comprehensive management of the claim payment process and providing access to the ECHO Payment Network, the industry’s largest network of insurers and service providers. ECHO settles over 500 million claims and distributes over $100 billion in payments securely across the ECHO Payment Network annually; and proprietary ECHO technology keeps policyholders and service providers happy by ensuring payments are sent in the manner they prefer.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed