Healthcare Software Firm Waystar Eyes $8B Valuation in US IPO

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, REuters reports, citing people familiar with the matter. Waystar’s owners, buyout firm EQT AB and Canada Pension Plan Investment Board, have hired Goldman Sachs Group Inc and JPMorgan Chase & Co to advise on the listing, the sources said. Read more.

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Ellipsis Health Raises $26M in Series A Round: Report

SJF Ventures led the round and was joined by investors including AblePartners, Akhil Paul at Caparo Group, Alumni Ventures, Divesh Makan, Gaingels, Gary Loveman, Generator Ventures, Greycroft, Helmy Eltoukhy, Joanne Bradford, and Khosla Ventures.