Frazier Healthcare Partners Announces Acquisition of RevSpring

Investment in Leading Communications and Payment Solutions Provider Frazier Healthcare Partners (Frazier), a Seattle-based, healthcare-focused investment firm, announced today that it has completed its acquisition of RevSpring (or the Company), a leading provider of end-to-end communication and payment solutions servicing healthcare and financial services companies, from leading private equity firm GTCR. Frazier is joined in the transaction by NEA, 22C Capital, and RevSpring’s senior leadership team. The partnership with Frazier will leverage Frazier’s investment, experience, and deep industry expertise to accelerate the Company’s success as a leading solution provider in the communication and payments industry. RevSpring helps customers accelerate revenue and increase engagement through an intelligent digital platform that includes omnichannel communication, payments, and analytic tools. The Company will continue to invest in its people and solutions, which includes its Best in KLAS Patient Communications software. “We are excited about RevSpring’s next chapter of growth in partnership with Frazier,” said Scott MacKenzie, CEO at RevSpring. “We are proud of the growth and the significant momentum we’ve experienced to date. Partnering with a firm of Frazier’s reputation positions us well to continue to invest in leading solutions that deliver strong outcomes and ROI for our clients.” “We are thrilled to partner with Scott and his leadership team t...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT 22C Capital Christina Reszka Frazier Frazier Healthcare Partners Goodwin Proctor LLP GTCR Health IT Acquisitions Healthcare M&A Kirkland & Ellis LLP Morgan Stanley NEA RevSpring Roger Davis Sco Source Type: blogs