Frazier Healthcare Partners Completes Acquisition of MatrixCare, Appoints Jonathan Lujan as Chief Executive Officer

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Healthcare Technology Executive to Lead MatrixCare's Next Phase of Growth and Product Innovation

SEATTLE--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260901766301/en/

Frazier Healthcare Media Contacts:
Carol Eckert, Sr. Vice President of Investor Relations
Phone: 206.621.7200
Email: carol.eckert@frazierhealthcare.com
&
Peter Tornatore, Principal of Investor Relations
Phone: 206.600.1251
Email: peter.tornatore@frazierhealthcare.com

Source: Frazier Healthcare Partners

Key Terms

electronic health record technical

A digital version of a patient’s medical chart that collects health information — diagnoses, medications, lab results, imaging and doctors’ notes — in one place so authorized clinicians can view and update it. For investors, electronic health records matter because they drive revenue and costs for companies that build, sell or rely on them, influence how quickly care is delivered, and create opportunities (and risks) tied to data access, software updates, regulation and patient privacy. Think of it as an online file cabinet for health that affects how the healthcare system runs and spends money.

ehr technical

EHR stands for electronic health record, a digital version of a patient’s complete medical file that replaces paper charts and collects diagnoses, medications, test results and treatment history in one place. For investors, EHR systems matter because they drive recurring revenue for software and services, affect healthcare providers’ costs and efficiency, and create data assets and integration opportunities that can influence a company’s growth and regulatory risk.

revenue cycle management financial

Revenue cycle management is the set of processes a healthcare provider or medical business uses to turn patient care into cash, including registering patients, billing insurers, submitting claims, collecting payments and handling denials. Think of it as the organization’s checkout system and follow-up team; efficient management shortens the time to get paid, reduces lost revenue and lowers financial risk, which directly affects cash flow and profitability that investors watch closely.

private equity financial

Private equity involves investing money directly into private companies or buying out public companies to make them private, with the goal of improving their performance and increasing their value over time. For investors, it offers an opportunity to earn returns by helping companies grow or restructure, often requiring a longer-term commitment and a higher level of involvement than typical stock investments.