EQT, CPPIB agree to acquire majority interest in Waystar
Swedish private equity firm EQT and Canada Pension Plan Investment Board (CPPIB) have agreed to acquire a majority stake in Waystar, a Louisville, Kentucky-based provider of revenue-cycle technology. The deal, expected to close later this year, values Waystar at US$2.7 billion. The seller is Bain Capital Private Equity, which will retain a minority stake in the company. Formed through a merger transaction in 2017, Waystar provides software to manage revenue for more than 450,000 healthcare providers, 750 health systems and hospitals, and 5,000 payers and health plans.
29 July 2019•6 mins read
