M&A Deal Summary

Waystar Acquires ZirMed

On September 14, 2017, Waystar acquired information technology company ZirMed

Acquisition Highlights
  • This is Waystar’s 2nd transaction in the Information Technology sector.
  • This is Waystar’s 2nd transaction in the United States.
  • This is Waystar’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2017-09-14
Target ZirMed
Sector Information Technology
Buyer(s) Waystar
Deal Type Merger
Advisor(s) William Blair (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

ZirMed

Louisville, Kentucky, United States
ZirMed empowers healthcare organizations to optimize revenue with a dynamic end-to-end platform of cloud-based financial performance management solutions including Claims Management, Charge Integrity, AR Management, Eligibility and Coverage Detection. By combining breakthrough predictive analytics technology with innovative development and the industry’s most advanced transaction network, ZirMed’s award-winning solutions extract actionable insights that improve our clients’ revenue cycles while streamlining workflows and increasing operating efficiencies.

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Buyer(S) 1

Buyer

Waystar

Louisville, Kentucky, United States

Category Company
Sector Information Technology
Revenue 791M USD (2023)
DESCRIPTION
Waystar's corporate headquarters in Louisville, Kentucky.
Waystar's corporate headquarters in Louisville, Kentucky.

Waystar provides cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows, and improves financials for providers in every care setting. Waystar is based in Louisville, Kentucky.


DEAL STATS #
Overall 2 of 9
Sector (Information Technology) 2 of 6
Type (Merger) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 9
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-15 Navicure

Duluth, Georgia, United States

Navicure, Inc. is a provider of internet-based medical claims software solutions that help physician practices increase profitability through improved claims reimbursement and staff productivity. Navicure’s technology solutions automate account receivables processes, including claims management; patient eligibility verification; remittance and denial management including automated secondary claims filing, appeals, and posting; reporting and analysis; and patient payment collections at and near the time of service. Navicure’s solutions are supported by its unique 3-Ring Client Service which guarantees that a client service representative will answer every client call in three rings or less. Navicure is the exclusive billing and patient payment solution of the MGMA Executive Partner network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 Connance

Waltham, Massachusetts, United States

Connance is a provider of predictive analytics solutions that personalize the financial and clinical experience for patients. Transforming the revenue cycle and value-based care delivery, Connance leverages data science, integrated to workflow to drive enhanced performance. Connance delivers Patient Pay Optimization, Reimbursement Optimization and Value-Based Risk solutions that combine Connance data, hospital data and consumer data to stratify patients based on social determinants to predict behavior and provide actionable insights to improve net income and patient outcomes. Connance solutions connect more than 500 hospitals, thousands of physician practices and other clinical locations and more than 80 collection agencies nationwide creating the largest research database of its kind.

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