Frazier Healthcare-backed RevSpring has acquired TrustCommerce, a healthcare technology company, from Waud Capital Partners. The financial terms of the transaction were not disclosed in the announcement. This acquisition expands RevSpring's portfolio of healthcare payment and engagement solutions.

The deal represents another strategic move by Frazier Healthcare to consolidate healthcare technology assets. RevSpring, which focuses on revenue cycle management and patient engagement solutions, has been actively expanding through acquisitions. TrustCommerce's technology likely complements RevSpring's existing offerings in healthcare payments and data security.

While the exact purchase price remains undisclosed, this transaction continues the trend of private equity firms consolidating healthcare technology companies to create comprehensive platforms. The acquisition positions RevSpring to offer enhanced payment processing capabilities to healthcare providers, potentially improving operational efficiency and patient experience in the healthcare revenue cycle.