Fierce Healthcare October 18, 2023
Healthcare payment software maker Waystar filed for an initial public offering, signaling a potential end to the dry spell in the health tech IPO market.
Reuters reported in August that the company, formed in 2017 by the merger of revenue cycle management companies Navicure and ZirMed, was eyeing an IPO that could value it at up to $8 billion. Waystar confidentially filed for an IPO later in August, Reuters reported.
The company intends to list its common stock on the Nasdaq under the symbol “WAY.” It did not announce the pricing or number of shares on offer.
The company, renamed Waystar in February 2018, provides revenue cycle management software-as-a-service designed to improve and streamline billing, claims and patient payment processes....
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