Waystar Acquires Healthpay24, Accelerating Mission To Simplify Healthcare Payments

Aug 03, 2023•over 2 years ago

Acquiring Company

Waystar Holding

Acquired Company

HealthPay24

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Description

Waystar, a leading provider of healthcare payments technology, today announced that it has acquired HealthPay24, an EngageSmart solution and a premier enterprise patient payment platform.

Company Information

Company

Waystar Holding

Location

Lehi, Utah, United States

About

Waystar Holding Corp. is a provider of leading healthcare payment software. Their mission-critical software is designed to simplify healthcare payments for providers, helping them prioritize patient care and optimize financial performance. Waystar serves around 30,000 clients and processes over 6 billion healthcare payment transactions annually. They focus on transforming healthcare payments and enhancing provider outcomes.

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M&A Insights

Based on deal data

Integration timeline

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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

Waystar Acquires Healthpay24, Accelerating Mission To Simplify Healthcare Payments

Description

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Company Information