Waystar Holding, which provides cloud-based revenue management software for the healthcare industry, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
Waystar provides cloud software that simplifies payments for healthcare providers of all types and sizes across the continuum of care, including physician practices, clinics, surgical centers, and laboratories, as well as large hospitals and health systems. The company currently serves approximately 30,000 clients of various sizes, representing approximately one million distinct providers practicing across a variety of care sites.
The Lehi, UT-based company was founded in 2017 and booked $747 million in revenue for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol WAY. J.P. Morgan, Goldman Sachs, and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
