Frazier Healthcare Partners, a healthcare-focused investment company, announced that it has completed its acquisition of RevSpring from private equity firm GTCR. RevSpring is a leading provider of end-to-end communication and payment solutions servicing healthcare and financial services companies. Frazier was joined in the deal by NEA, 22C Capital, and RevSpring’s senior leadership team.
This partnership with Frazier will utilize Frazier’s investment, experience, and industry expertise to accelerate the company’s success as a leading solution provider in the communication and payments industry. And RevSpring helps customers accelerate revenue and increase engagement through an intelligent digital platform, omnichannel communication, payments, and analytic tools. The company will also continue investing in its people and solutions, which include its Best in KLAS Patient Communications software.
Morgan Stanley and TripleTree acted as co-lead financial advisors to RevSpring, and William Blair acted as financial advisor to Frazier. And Kirkland & Ellis LLP served as legal counsel to RevSpring, and Goodwin Proctor LLP served as legal counsel to Frazier.
KEY QUOTES:
“We are excited about RevSpring’s next chapter of growth in partnership with Frazier. 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.”
- Scott MacKenzie, CEO of RevSpring
“We are thrilled to partner with Scott and his leadership team to continue to provide best-in-class solutions to the Company’s customers. GTCR and RevSpring built a strong, rapidly growing Company, and we look forward to bringing additional resources to accelerate and enhance RevSpring’s offerings, including the expertise of Frazier’s Executive in Residence Roger Davis, who will become Executive Chairman of the Board, as well as support from several of its Senior Advisors and members of its Center of Excellence.”
- Christina Reszka, Partner at Frazier
