US Bank has acquired Arizona-based healthcare fintech Salucro Healthcare Solutions for an undisclosed sum.
Founded in 2004 and headquartered in Phoenix, Salucro supplies healthcare providers across the US with a suite of online billing and payments solutions, along with advanced patient engagement tools.
Salucro’s workforce will now join Elavon, a payments and processing subsidiary of US Bank, which has previously partnered with the healthtech firm.
Moreover, the bank reveals that Salucro’s platform, which it first invested in back in 2022, is to be “sold through Elavon as MedEpay”.
Shailesh Kotwal, vice chair of US Bank Payment Services, says the acquisition of Salucro will “complement” the “offerings we provide throughout US Bank and Elavon”.
Currently, US Bank offers an array of banking and payment services, including recurring payment plans and revenue cycle solutions, to healthcare organisations such as medical, dental, and veterinary practices as well as hospital systems, insurers, and medical equipment manufacturers.
The Minneapolis-headquartered bank, which claims to manage over $680 billion in assets, recently partnered with Greenlight to integrate the firm’s money app and financial literacy tools into its mobile platform.
