Atlanta based PaymentTech REPAY Holdings has acquired Arizona based payments provider BillingTree in a cash and stock transaction valued at approximately $503 million. The acquisition will be financed with approximately $275 million in cash from REPAY’s balance sheet and $228 million in newly issued shares of REPAY class A common stock to be issued to the seller.
The acquisition will enable REPAY to expand its footprint in healthcare, credit unions, and accounts receivable management.
BillingTree is a provider of omni-channel, integrated payments solutions to the Healthcare, Credit Union, Accounts Receivable Management and Energy industries.
