Frazier Healthcare Partners, the Seattle-based investment firm with a focus on healthcare, has successfully completed the acquisition of RevSpring, a prominent provider of comprehensive communication and payment solutions.

The acquisition, previously under the ownership of the esteemed private equity firm GTCR, marks a new chapter for RevSpring as it joins forces with Frazier.

The strategic alliance is bolstered by the participation of NEA, 22C Capital, and the senior leadership team of RevSpring. This collaboration is set to harness Frazier Healthcare Partners’ substantial investment capabilities, vast experience, and profound industry knowledge to further propel RevSpring’s position as a frontrunner in the communication and payments domain.

RevSpring is renowned for its innovative digital platform that propels revenue growth and enhances customer engagement through omnichannel communication, seamless payment processes, and advanced analytics. The company is committed to continuous investment in its workforce and its suite of solutions, including the award-winning Best in KLAS® Patient Communications software.

Scott MacKenzie, CEO of RevSpring, expressed enthusiasm about the company’s prospective growth trajectory in partnership with Frazier. He highlighted the company’s impressive growth and momentum to date, and how Frazier’s esteemed reputation provides a solid foundation for future investments in solutions that yield substantial outcomes and return on investment for clients.

Christina Reszka, a Partner at Frazier Healthcare Partners, shared the excitement, emphasizing the company’s eagerness to collaborate with MacKenzie and his team. She acknowledged the robust and rapidly expanding foundation laid by GTCR and RevSpring, and anticipates that Frazier’s additional resources will further enhance RevSpring’s offerings. The expertise of Frazier’s Executive in Residence, Roger Davis, who is set to become the Executive Chairman of the Board, along with the support from Senior Advisors and the Center of Excellence, is expected to be instrumental in this endeavor.

The acquisition was facilitated by Morgan Stanley and TripleTree, serving as co-lead financial advisors to RevSpring, while William Blair provided financial advisory services to Frazier Healthcare Partners. Legal counsel for the transaction was provided by Kirkland & Ellis LLP for RevSpring and Goodwin Proctor LLP for Frazier, ensuring a smooth transition and promising future for the company’s innovative solutions.