Frazier Healthcare Partners will acquire MatrixCare from Resmed, according to a news release.
MatrixCare, founded in 1982 and based in Bloomington, Minnesota, is a provider of cloud-based EHR software for out-of-hospital care settings, including skilled nursing, senior living, home health, hospice and life plan communities.
Frazier, founded in 1991 and based in Seattle, is a provider of private equity capital to healthcare companies. The firm prefers to make more substantial investments from a dollars perspective and pursues a wide range of investment types, including company creation and venture capital to buyouts of profitable lower-middle market companies.
Resmed (NYSE & ASX: RMD), founded in 1989 and based in San Diego, is a global medical device and digital health company that specializes in cloud-connected equipment for treating sleep apnea, chronic obstructive pulmonary disease and other respiratory conditions primarily outside the hospital setting.
Terms of the transaction, which is expected to be completed during the third quarter of 2026, were not disclosed.