Deal Snapshot
ZELIS CLOSES MERGER WITH REDCARD TO FORM HEALTHCARE PAYMENTS OPTIMISATION PLATFORM
Tuesday 08 October 2019

New Jersey, US-based healthcare technology company Zelis Healthcare has closed its merger with St. Louis, US-based healthcare payments and communications provider RedCard Systems to create a healthcare payments optimisation platform, the company said.
The transaction is being supported by Parthenon Capital, a growth-oriented private equity firm and an existing investor in both Zelis and RedCard, and Bain Capital Private Equity and Bain Capital Ventures. The existing shareholders of Zelis and RedCard, including management and founding shareholders, will retain significant ownership positions in the new company.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 08/10/2019
Target: RedCard Systems
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Zelis Healthcare
Comment:
Terms of the deal were not disclosed

Options