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Healthcare Startup Cedar Is Buying Ooda Health for $425 Million


Cedar/Fierce Healthcare
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Cedar, a company that helps hospitals get paid, is buying similar startup Ooda for $425 million. 
It said that combining with Ooda would help it make paying medical bills easier for patients.
The deal comes as hospitals uncompensated care continues to rise, hitting $41.6 billion in 2019. 
Two tech startups that help hospitals and doctors get paid are joining forces.
Cedar said Thursday that it s buying Ooda Health for $425 million. Together they ll be able to address many of the problems people face when paying for healthcare, Cedar said. ....

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