Waystar to acquire Recondo Technology.

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.