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Zelis® Acquires Payspan®, Strengthens New Zelis Advanced Payment Platformsm And Expands Market Presence

Nov 09, 2022•almost 3 years ago

Acquiring Company

Zelis

Acquired Company

Payspan

PaymentsFinancial ServicesHealth CareHealth CareInformation Technology

Description

Zelis®, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan®, a leader in healthcare electronic payment and reimbursement automation services. The U.S. healthcare system is complex, with disjointed and often challenging financial processes. Delivering a better experience hinges on the efficient and seamless delivery of payments among insurers, providers, and consumers. The combination of these two companies, unifying an expansive array of capabilities in the new Zelis Advanced Payment Platform SM will improve the healthcare financial experience for all.

Company Information

Company

Zelis

About

As a leading payments company in healthcare, we price, pay, and explain healthcare for payers, providers, and healthcare consumers. Zelis was founded on the belief that there is a better way to determine the cost of a healthcare claim, manage payment-related data, and make the payment. We partner with more than 700 payers, including the top-5 national health plans, Blues plans, regional health plans, TPAs and self-insured employers, 1.5 million providers and millions of members, enabling the healthcare industry to pay for care, with care. For more information, visit zelis.com and follow us on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed