Bain Capital-backed Waystar acquired PARO.

Bain Capital-backed Waystar, a leading provider of revenue cycle technology, acquired PARO, a financial assistance predictive analytics solution designed for the healthcare industry. Financial terms were not disclosed. "As we continue to build a powerful platform to make financial processes simpler and more productive, bringing on best-in-class technology is crucial—and charity determination is an increasingly vital part of the healthcare revenue cycle equation," said Matt Hawkins, Waystar CEO. "PARO is the original and leading predictive-analytics-powered solution in charity-related healthcare. Adding this technology to the Waystar platform further empowers us to provide health systems and hospitals with cutting-edge solutions to address their evolving challenges."