Home Business Healthcare U.S. Bank Acquires Salucro to ...

U.S. Bank Acquires Salucro to Bolster Healthcare Payment Solutions

Healthcare

Business Honor
26 August, 2024

This acquisition is part of U.S. Bank’s ongoing commitment to healthcare-focused client services

The 20-year-old Arizona-based business Salucro, which specializes in patient billing and payments, has been acquired by U.S. Bank. This move strengthens U.S. Bank's presence in the healthcare sector, enhancing its ability to offer comprehensive payment solutions to providers and patients.

Salucro, previously a partner of U.S. Bank’s merchant acquiring unit, Elavon, became an investment target for the bank in 2022. The recent acquisition will see Salucro’s employees integrated into Elavon, one of the world’s largest payment processors. Shailesh Kotwal, vice chair of U.S. Bank Payment Services, stated that U.S. Bank is a leader in providing banking and payments services to the healthcare industry, which helps providers and patients focus on their priorities. He added that Salucro's billing and payment platform complements the offerings provided by U.S. Bank and Elavon. This acquisition is part of U.S. Bank’s ongoing commitment to healthcare-focused client services, which spans hospital systems, insurers, and various medical practices. As telehealth and other digital healthcare services grow, the integration of Salucro's advanced payment solutions aims to meet the rising demand for seamless, ecommerce-like payment experiences in the healthcare industry.

By absorbing Salucro into its operations, U.S. Bank is poised to provide even more streamlined payment solutions that cater to the evolving needs of healthcare providers and their patients.