Frazier Healthcare Partners acquires MatrixCare

● PLATFORM | HEALTHCARE · Provider EHR & Practice Management

SEPTEMBER 1, 2026

Frazier Healthcare Partners acquires MatrixCare (ResMed)

TARGET

Cloud-based EHR and revenue cycle management software purpose-built for out-of-hospital care settings including skilled nursing, senior living, home health, hospice, and life plan communities.

Deal value	$490M transaction value
Revenue	~$220 million (FY2026 preliminary)
EBITDA	~$55 million adjusted operating profit (FY2026 preliminary, non-GAAP)
Ownership	ResMed (prior owner); OMERS Private Equity, Porter Sablan Capital
Capital raised	$45M
Headcount	501-1,000 FTEs
Headquarters	Bloomington, Minnesota
Leadership	Jonathan Lujan, Chief Executive Officer
Sell-side advisor	—

ACQUIRER

Frazier Healthcare Partners

Healthcare-focused private equity firm investing in growth buyouts and venture across healthcare services, medical products, and life sciences

Ownership	—
Headquarters	Seattle, Washington
Deal team	Ryan Lucero Clarissa Berman
Buy-side advisor	—

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Frazier Healthcare Partners -> MatrixCare  (2026-09-18)
buyout | Healthcare | $490 million transaction value | closed
Target: Cloud-based EHR and revenue cycle management software purpose-built for out-of-hospital care settings including skilled nursing, senior living, home health, hospice, and life plan communities.
Website: matrixcare.com | Buyer site: frazierhealthcare.com
HQ: Bloomington, Minnesota | Seller: ResMed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/frazier-healthcare-partners-matrixcare.html

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