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FT Partners Advises Payspan on its Sale to Zelis

Overview of Transaction

  • On November 9, 2022, Payspan shareholders agreed to the sale of the Company to Zelis
  • Payspan, a Primus portfolio company, is a leading provider of electronic healthcare payments and reimbursement automation services, leveraging the largest healthcare payment network to drive value-based care reimbursement, improve the patient experience, and reduce costs for health plans and providers
  • Payspan connects more than 600 health plans, 1.3 million provider payees and more than 100 million consumers to facilitate alternative payment and reimbursement solutions and the exchange of meaningful healthcare information
  • Zelis provides healthcare claims cost management and payments optimization solutions to price, pay and explain healthcare claims
  • The Zelis platform connects more than 700 payers, including the top-5 national health plans, BCBS insurers, regional health plans, TPAs and self-insured employers, and millions of providers and consumers

Significance of Transaction

  • The acquisition of Payspan accelerates Zelis’ mission to modernize the business of healthcare, offering more options to both payers and their members through a new payments and communications platform
  • The acquisition will allow providers to choose their optimal payment modality across the combined payer customer base and further addresses the friction that often pains them in the process of getting paid
  • Payspan brings premium payments to Zelis’ payer clients while offering more customizable and optimized print communications to the Payspan base

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to Payspan
  • This transaction highlights FT Partners’ deep domain expertise in the Healthcare Payments sector, and its successful track record generating highly favorable outcomes for high-growth FinTech companies globally