Frazier Healthcare agrees deal to buy MatrixCare

Frazier Healthcare Partners has agreed to acquire MatrixCare, PE Hub reported, in a transaction that would add a healthcare software provider focused on care delivered outside hospital settings to the firm’s portfolio. The deal is expected to close in the third quarter of 2026, according to PE Hub.

MatrixCare is based in San Diego and provides cloud-hosted electronic health record software. Its products serve out-of-hospital care settings, a segment that includes providers needing digital records and workflow tools outside traditional acute-care facilities.

According to PE Hub, the transaction covers MatrixCare as well as related software offerings that have historically been marketed under the MatrixCare name. Those offerings include Healthcare First, Citus, and home health and hospice software products.

Electronic health record platforms are used to store clinical information, support documentation and connect administrative work with care delivery. In non-hospital settings, these systems can be central to coordinating services across dispersed locations, staff and patients.

PE Hub did not report additional transaction details in the publicly available information, including valuation, financing structure or regulatory conditions. Frazier Healthcare Partners is the acquiring party named in the report.

This story draws on original reporting from PE Hub.