Waystar, Inc.
About Waystar, Inc.
Company overview
Waystar, Inc. is a provider of healthcare payments software, dedicated to simplifying and improving the healthcare revenue cycle for providers, patients, and payers. Established from the merger of several healthcare technology companies, Waystar leverages advanced algorithms and AI to automate and enhance payment-related workflow tasks. The company serves a diverse client base that includes physician practices, clinics, surgical centers, laboratories, and large hospitals. Product Breakdown Waystar offers a comprehensive suite of revenue cycle management solutions. Their platform includes tools for claim management, which automates the submission, monitoring, and follow-up of claims to ensure accurate and timely reimbursement. The payment management module focuses on optimizing the reimbursement process from payers and patients, including electronic remittance advice and payment posting. Denial prevention and recovery tools help identify and address reasons for claim denials, improving overall revenue capture. The platform also features analytics and reporting capabilities, providing actionable insights to enhance operational efficiency and financial performance. Additional services include eligibility verification, patient estimation, charity screening, and coverage detection, all designed to streamline administrative tasks and improve patient financial interactions
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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