Zelis Sells Minority Stake to Mubadala, Norwest and HarbourVest

Zelis Acquires Sapphire Digital

September 14, 2021

Healthcare Services

Zelis, a healthcare payments company, acquired Sapphire Digital, a leading healthcare consumer navigation and price-transparency platform, to integrate provider selection, pricing and patient access capabilities into its payments and consumer solutions. The acquisition (terms undisclosed) expands Zelis' consumer-facing offerings and helps clients comply with new transparency regulations; the deal closed in October 2021 after being announced in September 2021.

Zelis Acquires Payer Compass

August 1, 2022

Healthcare Services

Zelis has completed its acquisition of Payer Compass, a provider of reimbursement and claims pricing, administration, and processing solutions. The deal adds Payer Compass' Visium SaaS platform and claims repricing capabilities to Zelis' payments and pricing suite to expand advanced claims management and out-of-network solutions for payers and self-insured employers.

Zelis Acquires Payspan

November 9, 2022

Healthcare Services

Zelis has completed the acquisition of Payspan, a provider of healthcare electronic payment and reimbursement automation services. The deal brings Payspan’s payment network and capabilities into the new Zelis Advanced Payment Platform to expand payment modalities and communications for payers, providers, and consumers.

Zelis Acquires Rivet

January 12, 2026

Data & Analytics

Zelis, a Boston-based healthcare payments technology company, has acquired Rivet, an AI-enabled revenue cycle analytics provider. The acquisition brings Rivet's analytics and dashboards into Zelis' platform to improve claims payment transparency, reduce denials and administrative burden for providers, and enhance payer-provider collaboration.

Zaelab Acquires Trellis to Expand B2B Digital Commerce Offerings

November 4, 2024

IT Services

Zaelab, a Westport-based digital transformation provider for B2B companies, has acquired Trellis, a Malden-based eCommerce and digital marketing agency. The acquisition adds Trellis’ expertise in D2C and marketplace channels plus UX and platform capabilities (Shopify, BigCommerce, Adobe Commerce), broadening Zaelab’s full-service digital commerce offerings.

Kohlberg & Mubadala Acquire Majority Stake in PCI Pharma Services

December 1, 2020

Healthcare Services

Private equity firm Kohlberg & Company acquired a majority stake in PCI Pharma Services, with Mubadala Investment Company joining as a significant investor and Partners Group retaining a minority stake. The deal (signed August 24, 2020 and closed December 1, 2020) positions PCI to expand capabilities—such as sterile fill/finish and high-potency manufacturing—and further geographic reach while continuing to serve pharmaceutical and biopharmaceutical customers from its Philadelphia headquarters.