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Kekst CNC handled the IPO of Waystar Holding Co. healthcare payments firm, which raised $968M on the NASDAQ on June 7. The IPO was one of the largest of the year.
Waystar is the result of the 2017 merger between Navicure and ZirMed.
Its software helps about 30K healthcare providers bill patients. The platform processes more than 5B transactions annually, covering $1.2T in claims from half of US patients.
The company posted a 17.6 percent jump in Q1 revenues to $224.8M. It recorded a $15.9M loss.
Waystar’s stock, which debuted at $21 per share, now trades at $22.
Kekst CNC’s Daniel Yunger, Nick Capuano, Kerry Kelly, Mark Fallati, Finn O’Malley and Ellie Taylor worked the IPO.
Publicis Groupe owns Kekst CNC.
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