Exclusive-Healthcare software firm Waystar eyes $8 billion valuation in U.S. IPO-sources

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Exclusive-Healthcare software firm Waystar eyes $8 billion valuation in U.S. IPO-sources
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By Echo Wang and David Carnevali (Reuters) - Waystar Inc, a private equity-owned vendor of software that helps hospitals and doctors' practices manage ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - 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.

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. Waystar was formed in 2017 through the merger of Navicure and ZirMed. The company develops payment software helping clients such as large hospital systems with the collection of bills from patients.

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