U.S. Bank, the principal banking division of U.S. Bancorp, has completed the acquisition of Salucro Healthcare Solutions LLC, a company specializing in healthcare financial technology based in Tempe, Arizona.
Salucro is renowned for its innovative online billing and payment solutions targeted at healthcare providers throughout the U.S.
The acquisition is aimed at reinforcing U.S. Bank’s longstanding commitment to the healthcare industry by integrating Salucro’s cutting-edge patient payments and billing technologies into its services.
Salucro has established itself as a leader in the market since its inception in 2004, offering essential financial services that streamline the transactions between healthcare providers and patients. The company was initially a business ally of Elavon, a merchant acquiring unit within U.S. Bank, where Salucro’s flagship platform, MedEpay, was marketed.
The significance of this acquisition extends beyond financial metrics; it enriches U.S. Bank’s portfolio of healthcare payment solutions, which already includes specialized services for hospitals, insurance companies, and various medical practices. This expansion is part of U.S. Bank’s mission to simplify healthcare payments and operational activities, thereby allowing healthcare providers to concentrate on patient care.
Following the acquisition, Salucro’s employees will be integrated into Elavon, one of the world’s foremost payment processing giants, indicating a seamless merger of expertise and resources.
U.S. Bank Payment Services Vice Chair Shailesh Kotwal commented, “U.S. Bank is a leader in providing banking and payments services to the healthcare industry, making it easier for providers and patients to focus on what’s most important to them.
“Salucro’s robust billing and payment platform is an ideal complement to offerings we provide throughout U.S. Bank and Elavon.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
