U.S. Bancorp acquires healthcare payments platform Salucro, terms undisclosed

U.S. Bank, lead bank of U.S. Bancorp has acquired Salucro Healthcare Solutions. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market leader in providing online billing and payments offerings for healthcare providers across the United States. Salucro had previously been a partner of Elavon, the merchant acquiring unit within U.S. Bank. This acquisition builds on the bank’s more than a century of service to healthcare-focused clients. U.S. Bank today provides a broad range of banking and payment services to healthcare organizations, including hospital systems, insurers, medical equipment manufacturers and medical, dental, and veterinary practices. The bank’s healthcare experts focus on delivering innovative solutions to help clients of all types and sizes meet their financial, operational, and investment goals – so they can focus on their core mission of serving patients. The Salucro team members are now employees of U.S. Bank, and will integrate into Elavon, one of the largest payments processing companies globally. The acquisition closed on Aug. 21 . Financial terms are not disclosed.