Frazier Healthcare Partners has agreed to acquire the electronic health record (EHR) platform MatrixCare for an undisclosed amount
The private equity firm entered a definitive agreement to purchase MatrixCare from the global medical technology company Resmed Inc. (NYSE & ASX: RMD) on Wednesday. The transaction is anticipated to close by the first quarter of the company’s fiscal year 2027, pending regulatory approval
The transaction includes MatrixCare and EHR software under its brands Healthcare First and Citus, as well as its home health and hospice solutions. The company’s software is designed to improve operational efficiency and quality for hospice, home health, skilled nursing and senior living care providers serving patients in home-based and facility-based care settings
“We are thrilled to partner with the MatrixCare team and plan to invest aggressively in product innovation to help providers deliver better outcomes as the post-acute care landscape continues to evolve,” Clarissa Berman, principal at Frazier Healthcare Partners, said in a press release
Frazier Healthcare Partners has made roughly 180 acquisitions since its inception in 1991. The Seattle-headquartered private equity firm primarily focuses on acquiring healthcare assets and has co-invested in upwards of 200 companies in the United States, Canada and Europe. Among Frazier Healthcare Partners’ portfolio of assets are Abode Healthcare, Bravo Health and Vatica Health, among several others
Resmed’s artificial intelligence technology is designed to improve quality of life across the 140 countries where its services are available. The company’s AI digital software aims to help healthcare delivery be more personalized, accessible and effective
The decision to divest MatrixCare is part of Resmed’s strategic growth plans in the next few years, said Chairman and CEO Mick Farrell. The sale could help strengthen the company’s ability to reallocate red high-growth opportunities in the home-based healthcare space, Farrell indicated in a statement
“Today’s announcement is about our disciplined approach to portfolio management and our commitment to driving long-term growth,” Farrell said. “By focusing on areas where we see the greatest opportunity for sleep health innovation and impact, we are strengthening our ability to deliver life-changing health technologies, improve patient outcomes and create value for our stakeholders.”
Companies featured in this article:
Frazier Healthcare Partners, MatrixCare, ResMed
