The Bank Slate


Fifth Third to buy healthcare payments company

Fifth Third Bancorp in Cincinnati has agreed to buy Big Data Healthcare, a healthcare payments company.

The $207 billion-asset Fifth Third did not disclose the price it will pay for the company, which adds more digital capabilities to the bank’s healthcare platform.

“The healthcare industry is one of the largest and fastest growing segments of the U.S. economy,” Kevin Lavender, Fifth Third’s head of commercial banking, said in a press release.

“It’s the first and the largest of our industry focus areas,” Lavender added. “Together, we can deliver a specialized client experience driven by innovation.”

Founded in 2017 by David Plotkowski and Dean Puzon, Big Data Healthcare optimizes healthcare results through intelligent data automation.

The announcement follows Fifth Third’s purchase of Provide, a healthcare-focused fintech.

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