Waystar shareholders plan 18 million share secondary offering

Waystar Holding Corp. (NASDAQ: WAY) announced that certain investment funds affiliated with EQT AB, Bain Capital LP, and Canada Pension Plan Investment Board plan to sell 18 million shares of common stock in an underwritten secondary offering.

The healthcare payments software provider filed a registration statement with the Securities and Exchange Commission for the offering. Waystar will not sell any shares and will not receive proceeds from the transaction.

J.P. Morgan Securities LLC serves as the underwriter for the offering. The shares will be offered to the public at a fixed price, which may change without notice.

The selling stockholders include investment funds of EQT AB, Bain Capital LP, and CPP Investments along with their respective affiliates. A registration statement on Form S-3 relating to the securities has been filed with the SEC and became effective.

Waystar provides healthcare payment software to approximately 30,000 clients representing over 1 million providers. The company's platform processes over 6 billion healthcare payment transactions annually, including more than $1.8 trillion in gross claims.

The offering will be conducted through a prospectus supplement and accompanying prospectus. Copies may be obtained through J.P. Morgan Securities LLC or the SEC's website.

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