EQT and CPPIB Acquire Majority Stake in Waystar from Bain Capital
July 29, 2019
The EQT VIII Fund and Canada Pension Plan Investment Board (CPPIB) agreed to acquire a majority equity stake in Waystar, a cloud-based revenue cycle management provider, in a transaction valuing the company at $2.7 billion. Bain Capital Private Equity will retain a minority stake and will continue to support Waystar alongside the new investors to fund continued innovation and transformative M&A.
- Buyers
- EQT (EQT VIII Fund), Canada Pension Plan Investment Board (CPPIB)
- Targets
- Waystar
- Sellers
- Bain Capital Private Equity
- Industry
- Healthcare Services
- Location
- Kentucky, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Waystar Acquires HealthPay24 from EngageSmart
August 3, 2023
Healthcare Services
Waystar, a provider of healthcare payments technology, has acquired HealthPay24, an EngageSmart enterprise patient payment platform, to augment its patient financial engagement capabilities. The acquisition brings HealthPay24’s SaaS patient payments platform and its relationships with roughly 2,000 provider locations into Waystar’s payments ecosystem, expanding Waystar’s capabilities in patient payment experiences and revenue cycle technology.
-
CAI Capital Partners Acquires LineStar Utility Supply
October 4, 2022
Industrial Services
CAI Capital Partners has made a platform investment in LineStar Utility Supply Inc., a Canadian distributor of powerline technician tools and safety equipment with distribution centers across British Columbia, Alberta, Manitoba and Ontario. Management (including Brian L'Heureux, Greg Payne and Brian Colledge) retained a meaningful equity stake and co-founders remain involved; CAI's investment is the sixth platform from CAI Capital Partners VI and was financed with debt from Scotiabank.
-
Waystar Acquires Patientco
July 15, 2021
Cloud & SaaS
Waystar, a cloud-based healthcare payments and revenue cycle management provider, announced a definitive agreement to acquire Patientco, an omnichannel patient payments and engagement software company. The acquisition expands Waystar's patient payment capabilities to improve price transparency, modernize payment options for patients, and drive faster, fuller reimbursements for providers.
-
Copley Equity Partners Completes Majority Investment in North Star Leasing
March 31, 2021
Financial Services
Copley Equity Partners has completed a majority investment in North Star Leasing, a Burlington, Vermont-based provider of equipment financing solutions. North Star Leasing CEO Daniel Feeney will remain in place; financial terms were not disclosed and Copley will be represented on the board to support the company's aggressive growth and consolidation strategy in the micro-ticket leasing market.
-
Brightstar Capital Partners Acquires Majority Stake in Brightstar Corp.
October 22, 2020
Telecommunications
Brightstar Capital Partners (BCP) completed the acquisition of a 75% majority stake in Brightstar Corp., partnering with Brightstar’s senior management team. SoftBank Group Corp., the prior owner, will retain a 25% minority stake; BCP said it will help accelerate Brightstar’s growth in device protection, warranty, trade-in and supply chain solutions.
-
Waystar Acquires eSolutions to Add Medicare-Focused Revenue Cycle Capabilities
August 12, 2020
Healthcare Services
Waystar announced a definitive agreement to acquire eSolutions, a revenue cycle technology company known for Medicare-specific solutions and broad payer connectivity. The acquisition brings eSolutions' Medicare connectivity and analytics into Waystar's cloud payments platform, enabling a single system for commercial and government payers; eSolutions was backed by Francisco Partners.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.