Waystar Acquires eSolutions to Add Medicare-Focused Revenue Cycle Capabilities

eSolutions Acquires Practice Insight

June 19, 2019

Healthcare Services

eSolutions, a healthcare technology company based in Overland Park, Kansas, has acquired Practice Insight, a Houston-based clearinghouse and revenue cycle management (RCM) software vendor. The acquisition strengthens eSolutions' clearinghouse and claims-processing capabilities and expands its RCM product suite for hospitals, post-acute and ambulatory providers.

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.

EQT and CPPIB Acquire Majority Stake in Waystar from Bain Capital

July 29, 2019

Healthcare Services

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.

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.

Waystar Acquires PARO Decision Support

June 6, 2019

Software

Waystar acquired PARO Decision Support, a provider of predictive-analytics-powered presumptive charity scoring for hospitals, and integrated PARO's solution into its revenue-cycle technology platform. The acquisition expands Waystar's capabilities in automating charity-determination, helping hospitals identify financial assistance-eligible patients and reduce bad debt.

Waystar Acquires Iodine Software

October 1, 2025

Healthcare Services

Waystar Holding Corp. completed the acquisition of Iodine Software, adding Iodine’s clinical dataset and client base of more than 1,000 hospitals and health systems to Waystar’s healthcare payment platform. The deal expands Waystar’s total addressable market by over 15%, strengthens its AI-driven clinical and financial intelligence capabilities, and is expected to be accretive to margins and non-GAAP net income per share in 2027.