LEHI,
Utah, and LOUISVILLE,
Ky., Feb. 18, 2025 /PRNewswire/ -- Waystar
Holding Corp. (Nasdaq: WAY), a provider of leading healthcare
payment software, a provider of leading healthcare payments
software, today announced a proposed underwritten public offering
of 18,000,000 shares of its common stock being offered by certain
investment funds of EQT AB, Canada Pension Plan Investment Board,
Bain Capital, LP, and their respective affiliates (collectively,
the "Selling Stockholders"). Additionally, the Selling Stockholders
intend to grant the underwriters a 30-day option to purchase up to
2,700,000 additional shares of common stock. Waystar will not
receive any proceeds from the sale of shares in the offering by the
Selling Stockholders.
The offering is being made through an underwriting group led by
J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, who are
acting as joint lead book-running managers.
A registration statement on Form S-1, including a prospectus,
which is preliminary and subject to completion, relating to these
securities has been filed with the Securities and Exchange
Commission (the "SEC") but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Any offers, solicitations or offers to buy,
or any sales of securities will be made in accordance with the
registration requirements of the Securities Act of 1933, as
amended.
The proposed offering may be made only by means of a prospectus.
Copies of the preliminary prospectus may be obtained by contacting:
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, or by email at prospectus-eq_fi@jpmchase.com;
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282,
by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; or Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone
at (888) 603-5847, or by email at
barclaysprospectus@broadridge.com.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts.
The words "anticipate," "assume," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "future," "will," "seek," "foreseeable," the
negative version of these words, or similar terms and phrases are
intended to identify forward-looking statements. The
forward-looking statements contained in this press release are
based on management's current expectations and are inherently
subject to various risks, uncertainties, assumptions, or changes in
circumstances that are difficult to predict or quantify. These
risks and uncertainties include, but are not limited to, risks and
uncertainties associated with the consummation of the proposed
offering and other risks described in Waystar's registration
statement on Form S-1, as it may be amended from time to time, and
its Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with
the SEC. Except as required by law, Waystar has no obligation to
update any of these forward-looking statements to conform these
statements to actual results or revised expectations.
About Waystar
Waystar's mission-critical software is
purpose-built to simplify healthcare payments so providers can
prioritize patient care and optimize their financial performance.
Waystar serves approximately 30,000 clients, representing over 1
million distinct providers, including 16 of 20 institutions on the
U.S. News Best Hospitals Honor Roll. Waystar's enterprise-grade
platform annually processes over 6 billion healthcare payment
transactions, including over $1.8
trillion in annual gross claims and spanning approximately
50% of U.S. patients. Waystar strives to transform healthcare
payments so providers can focus on what matters most: their
patients and communities. Discover the way forward
at waystar.com.
Media Contact
Kristin
Lee
kristin.lee@waystar.com
Investor Contact
Sandy
Draper
investors@waystar.com
502-238-9511
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SOURCE Waystar
