Frazier Healthcare to Acquire MatrixCare EHR Platform from ResMed
Private equity firm Frazier Healthcare Partners has signed a definitive agreement to buy cloud-based EHR software maker MatrixCare from ResMed.
Frazier Healthcare Partners announced Monday it has signed a definitive agreement to acquire MatrixCare, a cloud-based electronic health records software company, from medical device giant ResMed (NYSE & ASX: RMD). The Seattle-based private equity firm, which focuses exclusively on healthcare investments, did not disclose the financial terms of the deal.
MatrixCare has carved out a significant position in the out-of-hospital care technology market, building software specifically for skilled nursing facilities, senior living communities, home health agencies, hospice providers, and life plan communities. The company has earned repeated industry recognition as a top EHR platform in its segment, underscoring its competitive standing in a fragmented but fast-growing market.
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The acquisition signals continued private equity appetite for healthcare IT assets, particularly those serving post-acute and long-term care settings — a segment under increasing pressure to modernize clinical workflows and improve care coordination. For Frazier, a firm whose entire portfolio is concentrated in healthcare, MatrixCare represents a direct bet on the digitization of care delivery outside hospital walls.
ResMed, best known for its respiratory devices and sleep health products, had previously expanded into software through a series of acquisitions, with MatrixCare being among its most prominent software holdings. The divestiture suggests ResMed may be refocusing its strategy on its core hardware and connected device business as the healthcare industry continues to evolve.
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