Zelis and RedCard merged in a deal backed by Bain Capital and Parthenon Capital.

Zelis, a healthcare technology growth company, and RedCard Systems, a leading provider of healthcare payments and communications optimization, merged in a deal backed by Bain Capital and Parthenon Capital. Financial terms were not disclosed. “The key focus of this combination is to deliver deeper electronic penetration, best-in-class claim cost savings performance and a transformational billing and payments experience, all for the benefit of payers, providers and consumers. Zelis and RedCard have both been disrupting the industry status quo, and we are thrilled to join forces to bring leading-edge payment optimization technology and solutions to our clients and the market broadly.” Doug Klinger, CEO of Zelis.