Healthcare payments technology companies Zelis Healthcare Corp. and RedCard Systems LLC finalized their merger.
The deal, terms of which were not disclosed, was backed by the companies' current investor PCP Managers LP, or Parthenon Capital, along with Bain Capital Private Equity LP and Bain Capital Ventures LP.
Goldman Sachs was financial adviser to Zelis and RedCard, while Kirkland & Ellis was their transaction adviser. Deutsche Bank was financial adviser to Bain, while Ropes & Gray was its legal adviser.
