Frazier Healthcare to Acquire MatrixCare from ResMed
Private equity firm Frazier Healthcare Partners is buying cloud-based EHR software maker MatrixCare from ResMed in a definitive deal.
Frazier Healthcare Partners just struck a deal to pull MatrixCare out of ResMed's portfolio. The Seattle-based private equity firm — laser-focused on healthcare and nothing else — signed a definitive agreement to acquire the cloud-based electronic health records platform. This is a clean, focused bet on the out-of-hospital care software space.
MatrixCare isn't some niche player. It's a purpose-built EHR solution serving skilled nursing facilities, senior living communities, home health agencies, hospice providers, and life plan communities. That's a wide swath of the long-term and post-acute care market, and it's exactly the segment seeing massive demographic tailwinds as the U.S. population ages fast.
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For ResMed shareholders, this is a divestiture worth watching. ResMed built its name in sleep and respiratory devices, so shedding a software asset that doesn't directly touch its core hardware business could sharpen the company's focus and potentially unlock capital for reinvestment. Watch how RMD trades on this news — divestitures of non-core units often get a quiet thumbs-up from the market.
For Frazier, this is a classic playbook move: buy a multi-year award-winning vertical SaaS platform in a structurally growing sector, own it privately, and build it out. Out-of-hospital care is where healthcare dollars are migrating, and sticky EHR software with embedded workflows is exactly the kind of asset that commands premium multiples at exit. If you're tracking healthcare IT deals, this one sets a tone for where smart money is flowing right now.
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