EQT and CPPIB to acquire a majority stake in Waystar from Bain in transaction valued at $2.7bn.

Private equity firms EQT and CPPIB agreed to acquire a majority stake in Waystar, which provides software to manage revenue for employees, from Bain in transaction valued at $2.7bn. Bain Capital will retain a minority stake in the company. "We are thrilled to welcome two new growth-oriented investors, EQT and CPPIB, as our partners and to continue our excellent partnership with Bain Capital. Waystar's mission is to simplify and unify the healthcare payment process with best in class cloud technology, so that providers can focus on what really matters – patient care. These outstanding investors believe in our goals, value our performance culture and team members, and appreciate our track record of client satisfaction, innovation, and growth. This new investment will accelerate our ability to deliver great value to our clients and partners as they serve their patients and communities," Matt Hawkins, Waystar CEO.