The $490 million transaction by which Seattle-based private equity firm Frazier Healthcare Partners will acquire software company MatrixCare from ResMed “is a reminder that within post‑acute and senior care, the [electronic health record] has become part of the basic wiring of the organization, not nice‑to‑have software,” Michael Gray, the vice president of information technology and compliance officer for Cleveland-based senior living and care provider Eliza Jennings, told the McKnight’s Business Daily. “When a platform sits where documentation, reimbursement and compliance meet, it has the potential to attract some serious capital,” Gray said.
Read the full article: Frazier Healthcare Partners Not ‘Chasing Vanity Tech’ with $490M MatrixCare Acquisition //
Source: https://www.mcknightsseniorliving.com/news/frazier-healthcare-partners-not-chasing-vanity-tech-with-490m-matrixcare-acquisition/