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

PRIVATEJan 04, 2023

Acquiring Company

ECHO Health

Acquired Company

Prelude Software

United KingdomFinancial ServicesPaymentsFintechFinancial ServicesSoftwarePaymentsFintech

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.

Quick answer

ECHO Health is acquiring Prelude Software, announced January 4, 2023. ECHO Health is based in United Kingdom.

How much did ECHO Health pay for Prelude Software?
The deal value was not disclosed.
What does ECHO Health do?
ECHO® is a technology company focused on removing complexity and costs from payment processing.
Where are ECHO Health and Prelude Software based?
ECHO Health is based in United Kingdom.

Source: Fundz verified event record.

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Company Information

Company

ECHO Health

Location

United Kingdom

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.

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Frequently asked

Who acquired Prelude Software?

Prelude Software was acquired by ECHO Health, based in United Kingdom. The deal was reported on January 4, 2023. ECHO® is a technology company focused on removing complexity and costs from payment processing. ECHO Health is privately held and operates in Financial Services.

When did ECHO Health acquire Prelude Software?

ECHO Health's acquisition of Prelude Software was reported on January 4, 2023. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Prelude Software do?

Prelude Software is the leading provider of enterprise-wide ePayable solutions for insurance companies and healthcare organizations. It is privately held, operating in Financial Services.

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