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Waystar Mergers & Acquisitions

Waystar M&A Summary

Waystar has acquired 12 companies, including 6 in the last 5 years. A total of 7 acquisitions came from private equity firms.

Waystar’s largest acquisition to date was in 2025, when it acquired Iodine Software for $1.3B. Waystar has acquired in 9 different US states. The Company’s most targeted sectors include information technology (60%) and internet software and services (20%).

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity10
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8

Waystar

Waystar Holding Corp.

9901 Linn Station Road, Suite 550,
Louisville, Kentucky 40223
United States,
(844) 492-9782
www.waystar.com

All (10) Buy (10) Sell (-)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-07-23 Iodine Software · Software
Austin, Texas · www.iodinesoftware.com

Iodine Software is a provider of artificial intelligence-based software solutions for health systems that reduce errors and omissions in clinical documentation. Iodine Software was founded in 2010 and is based in Austin, Texas.

Advisors: J.P. Morgan Securities , Queen Saenz + Schutz , Weil Gotshal & Manges 		1,250 Add-on Acquisition

Waystar
Advisors: Barclays Investment Bank , Simpson Thacher & Bartlett

Advent International PE

Silversmith Capital Partners PE


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