Combined company enhances healthcare consumer solutions and accelerates mission to harmonize the complete pricing and payments process
Zelis, a leading payments company in healthcare, announced the completion of its previously announced acquisition of Sapphire Digital (“Sapphire”), the healthcare industry’s leading platform for provider selection, patient access, price transparency, and digital consumer navigation. Nearly 100 million people rely on Sapphire to help them discover, select and gain access to the care they need.
“This is an exciting day for both companies as we complete the acquisition of Sapphire and accelerate our efforts to harmonize healthcare payments and to help healthcare consumers navigate their healthcare financial journeys,” said Amanda Eisel, CEO of Zelis. “In the short term, we’re looking forward to supporting our clients in remaining compliant with legislative requirements, including the No Surprises Act and Transparency in Coverage rule.”
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Kyle Raffaniello, CEO of Sapphire echoed Amanda’s sentiments, “We’re thrilled to become part of Zelis as together we amplify our offerings and help healthcare consumers to make more informed choices on care. Already, we’re building plans to drive a better experience for healthcare payers and their members.”
TripleTree, LLC served as the exclusive financial advisor to Sapphire Digital for this transaction. Sapphire Digital was represented by Lowenstein Sandler LLP and Zelis was represented by Kirkland & Ellis in the transaction.
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