Reuters August 21, 2023
Waystar Inc, a private equity-owned vendor of software that helps hospitals and doctors’ practices manage their finances, has tapped banks for an initial public offering that could value it at as much as $8 billion, including debt, according to people familiar with the matter.
Waystar’s owners, buyout firm EQT AB (EQTAB.ST) and Canada Pension Plan Investment Board (CPPIB), have hired Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) to advise on the listing, the sources said.
The IPO could come later this year or early next year, subject to market conditions, the sources added, requesting anonymity because the matter is confidential. The valuation attained will also be subject to market conditions, the sources added.
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