Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare industry, today announced the closing of its acquisition of MatrixCare (the “Company”) from Resmed (NYSE & ASX: RMD).

MatrixCare is a leading provider of cloud-based electronic health record (“EHR”) and revenue cycle management (“RCM”) solutions purpose-built for out-of-hospital care settings, including skilled nursing, senior living, home health, hospice, and life plan communities. A multi-year winner of the Best in KLAS award, MatrixCare is used by thousands of facility-based and home-based care organizations to improve provider efficiencies and promote a better quality of life for the people they serve. The transaction includes MatrixCare and related software offerings historically sold under the MatrixCare brand, including Healthcare First, Citus, and home health and hospice solutions.

Concurrent with closing, Frazier Executive in Residence Jonathan Lujan has been appointed Chief Executive Officer of MatrixCare. Jonathan brings deep experience across healthcare services and technology, with a track record of operational leadership, commercial transformation, and value creation.

Jonathan most recently served as Chief Executive Officer of Sight Growth Partners, where he led the company’s operational transformation and growth into one of the nation’s largest ophthalmology management organizations. Previously, he served as Vice President and General Manager of Lifeline Vascular Care at DaVita and held multiple executive leadership roles at Surgical Information Systems, including Chief Growth Officer and Senior Vice President of Business Development and Strategy. Earlier in his career, Jonathan held leadership positions at GE Healthcare and J.P. Morgan’s Healthcare Investment Banking Group.

“Frazier has spent several years evaluating the post-acute care technology sector and believes MatrixCare has established itself as a leading platform serving skilled nursing, senior living, and home health and hospice providers,” said Ryan Lucero, General Partner at Frazier Healthcare Partners. “We are excited to partner with the MatrixCare team and to invest in the product innovation and capabilities customers need as the post-acute care landscape continues to evolve.”

Clarissa Berman, Principal at Frazier Healthcare Partners, added, “We are thrilled to have Jonathan lead MatrixCare and are confident his experience will provide continuity through the transition while positioning the Company for its next phase of growth.”

“MatrixCare has built a trusted platform with a strong market position and a critical role in the daily operations of post-acute care providers,” said Jonathan Lujan, Chief Executive Officer of MatrixCare. “I am excited to work alongside the MatrixCare team and Frazier to build on that foundation, accelerate product innovation, and help our customers deliver better outcomes for the people and providers they serve.”

About MatrixCare:

MatrixCare provides software solutions to more than 15,000 providers supporting skilled nursing, senior living and long-term care, life planning communities, and home health and hospice care. A multi-year winner of the Best in KLAS award, MatrixCare is trusted by thousands of facility-based and home-based care organizations to improve provider efficiencies and promote a better quality of life for the people they serve. For more information, visit www.matrixcare.com.

About Frazier Healthcare Partners:

Founded in 1991, Frazier Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over $11 billion of capital for private funds and co-investment opportunities and has invested in more than 200 companies over the past 35 years. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier is headquartered in Seattle, Washington, with an office in New York City, and invests broadly across the U.S., Canada, and Europe. For more information about Frazier, visit www.frazierhealthcare.com.

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