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HomeFinTechTyro Payments: Acquires Medipass Solutions

Tyro Payments: Acquires Medipass Solutions

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  • Tyro Payments (TYR) has entered into an agreement to acquire digital health payments business Medipass Solutions
  • Based in Melbourne, Medipass is a health fintech company that has created a digital health payment platform
  • Under the acquisition, Medipass payments platform and 20-person team will both integrated into Tyro Payments
  • Tyro Payments will pay a consideration of $22.5 million, consisting of cash and company shares
  • The company expects the acquisition transaction to complete sometime this month
  • Tyro Payments is up 5.56 per cent and trading at $3.61 per share

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