Frazier Healthcare Partners has completed its acquisition of Matrix Care, a cloud-based electronic health record (EHR) and revenue cycle management (RCM) software provider, from Resmed. The transaction includes Matrix Care and related software offerings historically sold under the Matrix Care brand, including Healthcare First, Citus Health and home healthcare and hospice software products. It excludes Resmed's other software businesses, Brightree in the US and Medifox Dan in Germany.

Matrix Care is headquartered in Bloomington, Minnesota, and serves over 15,000 providers in out-of-hospital care settings, including skilled nursing, senior living, home healthcare, hospice and life plan communities. The PE firm announced an acquisition agreement in July.

"We are excited to partner with the Matrix Care team and to invest in the product innovation and capabilities customers need as the post-acute care landscape continues to evolve," said Ryan Lucero, general partner at Frazier Healthcare Partners, in a statement. As part of the closing, the PE firm appointed Frazier Executive in Residence Jonathan Lujan as chief executive officer of Matrix Care.