EQT-backed Waystar to acquire Patientco from Accel-KKR and The Blue Venture Fund for c.$450m.

EQT-backed Waystar, a healthcare payments software provider, agreed to acquire Patientco, a provider of omnichannel patient payments, communications and engagement software, from Accel-KKR and The Blue Venture Fund for c.$450m. The combination is subject to regulatory approval and customary closing conditions. "Patients are more responsible for their healthcare expenses than ever before, and they expect modern, consumer-friendly interactions from healthcare providers and insurers. Together, we will further simplify how patients engage with healthcare providers and provide transparency, empowerment and ease of use that needed to plan and pay for healthcare. Providers will benefit from increased patient satisfaction and fuller reimbursement," Matthew Hawkins, Waystar CEO and Board Member.