Announced
Financials
Tags
United States
Software
Private
Single Bidder
Majority
application software
Acquisition
Pending
Friendly
Private Equity
Synopsis
Waystar, a provider of revenue cycle technology, agreed to acquire Recondo Technology, which develops web-based software tools for health care payment processing. Financial terms were not disclosed. “Recondo shares Waystar’s commitment to helping healthcare organizations take the estimated $350 billion of administrative waste out of the revenue cycle. Joining forces will strengthen our AI-powered offerings, which will, in turn, drive greater value for our clients and a better experience for patients. We have been impressed by the Recondo team and leadership, whose expertise and professionalism will be a strong addition to Waystar,” Matt Hawkins, Waystar CEO.
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