Fierce Healthcare July 12, 2019
Waystar’s move to acquire Digitize.AI comes amid rumors of Waystar’s own impending sale by private equity firm Bain Capital
Revenue cycle management technology company Waystar has acquired Chicago startup Digitize.AI, a company that applies artificial intelligence to the prior authorization process.
The deal, the company’s fourth acquisition since September, comes amid rumors of Waystar’s own impending sale by private equity firm Bain Capital.
The anticipated sale also comes two years after Bain Capital created the business by combining revenue cycle management companies Navicure Inc. and ZirMed in 2017. The company was renamed Waystar in February 2018.
Bloomberg reported in April that the private equity firm has held early-stage discussions about a potential sale of the business, citing people familiar...