The Firm is representing Waystar in its announced acquisition of Recondo Technology, a pioneer of innovative revenue cycle automation solutions powered by advanced robotic process automation and other artificial intelligence technology allowing providers to be paid more, faster and at lower cost. Financial details of the transaction were not disclosed.
Waystar, a leading provider of revenue cycle technology, provides next-generation, cloud-based technology that simplifies and unifies the healthcare revenue cycle. The Waystar platform removes friction in payment processes, streamlines workflows and improves financials for providers in every care setting. It supports more than 450,000 providers, 750 health systems and hospitals, and 5,000 payers and health plans.
The Simpson Thacher team includes Michael T. Holick, Mark Myott and Bob Zhao (M&A); Eli Isak, Remy Denner and Michael Brennan (Credit); David Rubinsky, Patricia Adams and Erik T. Ward (Executive Compensation and Employee Benefits); Jonathan Goldstein and Jacqueline Clinton (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Krista B. McManus (Real Estate); Timothy J. Mulvihill (Environmental); and David H. Caldwell (Regulatory).