Combined company enhances healthcare consumer solutions and accelerates mission to harmonize the complete pricing and payments process.
Reposted from https://prnewswire.com
October 19, 2021—Bedminster, NJ—Zelis, a leading payments company in healthcare, today 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.”
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.
As a leading payments company in healthcare, we price, pay, and explain healthcare for payers, providers, and healthcare consumers. Zelis was founded on the belief that there is a better way to determine the cost of a healthcare claim, manage payment-related data, and make the payment. We partner with more than 700 payers, including the top-5 national health plans, Blues plans, regional health plans, TPAs and self-insured employers, 1.5 million providers and millions of members, enabling the healthcare industry to pay for care, with care. For more information, visit zelis.com and follow us on LinkedIn.
About Sapphire Digital
Sapphire Digital empowers consumers to make better choices that deliver health care savings for consumers, health plans and employers. Our solutions integrate complex data, insights, and engagement with leading technology to drive intelligent, and personalized patient journeys. We help direct consumers to high-quality, more affordable medical care, and drive measurable and sustainable savings. More than 100 million people rely on Sapphire Digital to help them decide on their care with confidence. For more information, please visit sapphire-digital.com.
Director of Media Relations for Zelis