U.S. Bancorp (NYSE: USB) has acquired fintech company Salucro Healthcare Solutions as it continues its push into the health care industry.The Tempe, Arizona-based company provides online billing and payment options for health care providers across the country. The acquisition closed Wednesday, and the terms were not disclosed.Salucro had previously partnered with Evalon, an Atlanta-based merchant-services and payment-processing financial-technology company and a subsidiary of Minneapolis-based U.S. Bancorp. Salucro’s 140 employees will work for the Evalon unit.The acquisition is part of a broader strategy by U.S .Bank to get involved in the small and mid-sized health care-practices market. In 2023, the bank announced it would add more than 50 new banking positions across the country as part of an effort to target medical, dental and veterinary practices with up to $25 million in revenue.“U.S. Bank is a leader in providing banking and payments services to the health care industry, making it easier for providers and patients to focus on what’s most important to them,” said Vice Chair of U.S. Bank Payment Services Shailesh Kotwal, in a statement. “Salucro’s robust billing and payment platform is an ideal complement to offerings we provide throughout U.S. Bank and Elavon.”Kotwal announced his impending retirement Wednesday.U.S. Bank is the Twin Cities largest, and the nation’s fifth-largest bank with $680 billion in assets as of June 30, 2024.RankPrior RankName / Rank in 2022 (* not ranked)11U.S. Bancorp22Wells Fargo & Co.33Bremer Financial Corp. View this list …
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