Paymerang Acquires Inworks
Acquisition Creates the Most Comprehensive ePayables Solution in the Healthcare Industry
RICHMOND, VA, Dec 6, 2019 – Paymerang, LLC, a leading innovator in procure-to-pay automation, announced the asset acquisition of Inworks Servicing, LLC, a forerunner in accounts payable automation for the healthcare industry.
“The acquisition of Inworks marks a key milestone in Paymerang’s evolution. Since our investment from Aldrich Capital Partners last year, we have rapidly scaled our platform through investments in product development, operations delivery, sales, and marketing. We’ve built a leading position and proven brand in our target markets,” said Nasser Chanda, CEO of Paymerang. “By combining our healthcare business with that of Inworks, we establish a preeminent organization in the sector.”
With the close of the acquisition, Paymerang is bolstering its healthcare offering, which is now the most comprehensive solution in the industry.
Hospitals, physician groups, and other providers can now streamline and secure their accounts payable processes like never before—enabling them to focus on their core mission of delivering first-rate patient care.
“Innovating and improving the accounts payable function for healthcare providers has been key to establishing Inworks as a successful company,” said Jim Wolfston, Chairman of Inworks. “Combining our product suite and customer list of hospitals across the country into the momentum of Paymerang carries tremendous potential. We look forward to tracking Paymerang as it further accelerates its growth.”
With the acquisition, Paymerang adds a dedicated and skilled team of healthcare payment experts and establishes a West Coast office in Portland, Oregon—further deepening the company’s operations and customer support capabilities.
“We are thrilled with our investment in Paymerang,” said Aldrich Capital Partners Founding Partner, Mirza Baig. “The company has demonstrated strong growth and execution, and this acquisition adds a new dimension in its trajectory. We are proud to stand behind management and support all aspects of the company’s growth.”
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