Frazier Healthcare to Acquire MatrixCare EHR Platform from ResMed
Private equity firm Frazier Healthcare Partners has signed a definitive deal to buy cloud-based EHR software maker MatrixCare from ResMed.
Frazier Healthcare Partners announced Monday it has signed a definitive agreement to acquire MatrixCare from medical device and software giant ResMed, marking a significant private equity move in the out-of-hospital care technology sector. The Seattle-based firm, which invests exclusively in healthcare companies, will take ownership of one of the most recognized names in long-term and post-acute care software.
MatrixCare develops cloud-based electronic health record software purpose-built for care settings that operate outside traditional hospital walls. Its platform serves a wide range of providers, including skilled nursing facilities, senior living communities, home health agencies, hospice organizations, and life plan communities — a fast-growing segment of the healthcare market as an aging U.S. population drives demand for non-acute services.
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The acquisition signals growing investor appetite for healthcare IT infrastructure targeting post-acute and long-term care, a segment historically underserved by enterprise software compared to acute hospital systems. Frazier's exclusive healthcare focus positions it to invest in MatrixCare's product development and market expansion without the portfolio diversification pressures facing broader-mandate funds.
Financial terms of the deal were not disclosed in the announcement. MatrixCare has been a multi-year award winner in its category, underscoring its competitive standing in a crowded EHR marketplace. ResMed, listed on both the New York Stock Exchange and the Australian Securities Exchange under the ticker RMD, had previously expanded into software through acquisitions before this divestiture.
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