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Zelis® Acquires Payspan®, Strengthens New Zelis Advanced Payment Platformsm And Expands Market Presence

PRIVATENov 09, 2022

Acquiring Company

Zelis

Acquired Company

Payspan

BostonProfessional ServicesFinancial ServicesHealth CarePaymentsInformation TechnologyHealth Care

Description

Zelis®, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan®, a leader in healthcare electronic payment and reimbursement automation services. The U.S. healthcare system is complex, with disjointed and often challenging financial processes. Delivering a better experience hinges on the efficient and seamless delivery of payments among insurers, providers, and consumers. The combination of these two companies, unifying an expansive array of capabilities in the new Zelis Advanced Payment Platform SM will improve the healthcare financial experience for all.

Quick answer

Zelis is acquiring Payspan, announced November 9, 2022. Zelis is based in Boston, Massachusetts, United States.

How much did Zelis pay for Payspan?
The deal value was not disclosed.
What does Zelis do?
Zelis is modernizing the healthcare financial experience across payers, providers, and healthcare consumers.
Where are Zelis and Payspan based?
Zelis is based in Boston, Massachusetts, United States.
Who are the decision-makers at Zelis?
Fundz holds 1 contact at Zelis. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Professional Services and Financial Services

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Zelis

Location

Boston, Massachusetts, United States

About

Zelis is modernizing the healthcare financial experience across payers, providers, and healthcare consumers. We serve more than 750 payers, including the top 5 national health plans, regional health plans, TPAs and millions of healthcare providers and consumers across our platform of solutions. Zelis sees across the system to identify, optimize, and solve problems holistically with technology built by healthcare experts – driving real, measurable results for clients.

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Frequently asked

Who acquired Payspan?

Payspan was acquired by Zelis, based in Boston. The deal was reported on November 9, 2022. Zelis is modernizing the healthcare financial experience across payers, providers, and healthcare consumers. Zelis is privately held and operates in Professional Services.

When did Zelis acquire Payspan?

Zelis's acquisition of Payspan was reported on November 9, 2022. Zelis®, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan®, a leader in healthcare electronic payment and reimbursement automation services. The U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Payspan do?

It is privately held, operating in Information Technology.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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