Frazier Healthcare Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Frazier Healthcare Partners has acquired 7 companies.

Frazier Healthcare Partners’ most common sectors for investment arelife science (36%) and healthcare services (34%) . The Firm’s most common investment types include venture (25%) and buyout (lbo, mbo, mbi) (21%). In total, Frazier Healthcare Partners has invested in 19 US states and 2 different countries.

In the last 3 years, Frazier Healthcare Partners has exited 8 companies. The Firm’s most common exit type is trade sale (45%). Frazier Healthcare Partners’ largest (disclosed) exit occurred in 2022 when it sold Parata Systems for $1.5B.

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M&A Summary

M&A Total Activity75
- M&A Buy Activity48
- M&A Sell Activity27
Total Sectors Invested 9
Total Countries Invested 2
M&A Buy/Sell Connections 32
M&A Advisors 7

Frazier Healthcare Partners

601 Union, Two Union Square, Suite 3200,
Seattle, Washington 98101
United States
(206) 621-7200
www.frazierhealthcare.com

Transaction Criteria	Min	Max
Target Revenue	20	-
Target EBITDA	5	50
Investment Size	30	350
Enterprise Value	-	-
values in millions of USD

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

350

Enterprise Value

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (2.2/yr)	#	37	4	2	1	1	3	48
Sell (2.2/yr)	#	16	3	4	2	1	1	27
vol	$1.9B		$475M	$1.5B			$3.9B
	75

Year

≤ '19

'20

'21

'22

'23

'24

Buy (2.2/yr)

Sell (2.2/yr)

vol

$1.9B

$475M

$1.5B

$3.9B

Company	Date	Value	Type
DirectMed Imaging	2024-10-15	-	Secondary Buyout
Poway, California · www.directmedparts.com
BioMatrix Specialty Pharmacy LLC	2024-06-25	-	Secondary Buyout
Plantation, Florida · www.biomatrixsprx.com
RevSpring, Inc.	2024-03-12	-	Secondary Buyout
Nashville, Tennessee · www.revspringinc.com
Alcresta Therapeutics, Inc.	2024-03-12	-	Secondary Sale
Newton, Massachusetts · www.alcresta.com
Vatica Health, Inc.	2023-09-25	-	Secondary Buyout
Alpharetta, Georgia · www.vaticahealth.com
United Digestive	2023-03-30	-	Secondary Sale
Atlanta, Georgia · www.uniteddigestive.com
Apollo Intelligence LLC	2022-06-07	-	Buyout (LBO, MBO, MBI)
Watertown, Massachusetts · www.apollointelligence.net
Parata Systems LLC	2022-06-06	1.5B USD	Trade Sale
Durham, North Carolina · www.parata.com
Alteon Health	2022-02-01	-	Trade Sale
Germantown, Maryland · www.alteonhealth.com
Amunix Pharmaceuticals, Inc.	2021-12-21	-	Trade Sale
South San Francisco, California · www.amunix.com
View All >>

Company

Date

Value

Type

DirectMed Imaging

2024-10-15

Secondary Buyout

Poway, California · www.directmedparts.com

BioMatrix Specialty Pharmacy LLC

2024-06-25

Secondary Buyout

Plantation, Florida · www.biomatrixsprx.com

RevSpring, Inc.

2024-03-12

Secondary Buyout

Nashville, Tennessee · www.revspringinc.com

Alcresta Therapeutics, Inc.

2024-03-12

Secondary Sale

Newton, Massachusetts · www.alcresta.com

Vatica Health, Inc.

2023-09-25

Secondary Buyout

Alpharetta, Georgia · www.vaticahealth.com

United Digestive

2023-03-30

Secondary Sale

Atlanta, Georgia · www.uniteddigestive.com

Apollo Intelligence LLC

2022-06-07

Buyout (LBO, MBO, MBI)

Watertown, Massachusetts · www.apollointelligence.net

Parata Systems LLC

2022-06-06

1.5B USD

Trade Sale

Durham, North Carolina · www.parata.com

Alteon Health

2022-02-01

Trade Sale

Germantown, Maryland · www.alteonhealth.com

Amunix Pharmaceuticals, Inc.

2021-12-21

Trade Sale

South San Francisco, California · www.amunix.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
SunMed	2021-08-05	Avanos Medical - Respiratory Health Business	2023-06-08	2
Grand Rapids, Michigan · www.sun-med.com	Alpharetta, Georgia
SunMed	2021-08-05	Vyaire Medical - Respiratory and Anesthesia Consumables Business	2023-03-28	1
Grand Rapids, Michigan · www.sun-med.com	Mettawa, Illinois
Matrix Medical Network, Inc.	2016-10-25	Matrix Clinical Laboratory	2023-01-04	2
Scottsdale, Arizona · www.matrixforme.com	Scottsdale, Arizona
Matrix Medical Network, Inc.	2016-10-25	Matrix Clinical Trials Service Line	2022-08-08	1
Scottsdale, Arizona · www.matrixforme.com	Scottsdale, Arizona
Doubleday Acquisitions LLC	2020-12-24	Softbox Systems Ltd.	2021-12-15	1
Monroe, Ohio · www.csafeglobal.com	Long Crendon, United Kingdom · www.softboxsystems.com
Matrix Medical Network, Inc.	2016-10-25	HealthFair USA, Inc.	2018-01-16	3
Scottsdale, Arizona · www.matrixforme.com	Winter Park, Florida · www.healthfair.com
Matrix Medical Network, Inc.	2016-10-25	LP Health Services	2017-10-23	2
Scottsdale, Arizona · www.matrixforme.com	, United States
Orthotic Holdings, Inc.	2013-04-08	Apex Foot Heath Industries LLC	2015-03-03	1
Mesa, Arizona · www.ohi.net	Teaneck, New Jersey · www.apexfoot.com

Company

Acquired

Add-On/Sale

Date

SunMed

2021-08-05

Avanos Medical - Respiratory Health Business

2023-06-08

Grand Rapids, Michigan · www.sun-med.com

Alpharetta, Georgia

SunMed

2021-08-05

Vyaire Medical - Respiratory and Anesthesia Consumables Business

2023-03-28

Grand Rapids, Michigan · www.sun-med.com

Mettawa, Illinois

Matrix Medical Network, Inc.

2016-10-25

Matrix Clinical Laboratory

2023-01-04

Scottsdale, Arizona · www.matrixforme.com

Scottsdale, Arizona

Matrix Medical Network, Inc.

2016-10-25

Matrix Clinical Trials Service Line

2022-08-08

Scottsdale, Arizona · www.matrixforme.com

Scottsdale, Arizona

Doubleday Acquisitions LLC

2020-12-24

Softbox Systems Ltd.

2021-12-15

Monroe, Ohio · www.csafeglobal.com

Long Crendon, United Kingdom · www.softboxsystems.com

Matrix Medical Network, Inc.

2016-10-25

HealthFair USA, Inc.

2018-01-16

Scottsdale, Arizona · www.matrixforme.com

Winter Park, Florida · www.healthfair.com

Matrix Medical Network, Inc.

2016-10-25

LP Health Services

2017-10-23

Scottsdale, Arizona · www.matrixforme.com

, United States

Orthotic Holdings, Inc.

2013-04-08

Apex Foot Heath Industries LLC

2015-03-03

Mesa, Arizona · www.ohi.net

Teaneck, New Jersey · www.apexfoot.com

Sector	Current #	Value	All-time #	Value
Life Science	6 (29%)	-	17 (35%)	-
Healthcare Services	4 (19%)	-	16 (33%)	-
Medical Products	3 (14%)	-	5 (10%)	-
Information Technology	4 (19%)	-	4 (8%)	-
Business Services	1 (5%)	-	2 (4%)	-
Consumer Products	1 (5%)	-	1 (2%)	-
Distribution	-	-	1 (2%)	-
Education	1 (5%)	-	1 (2%)	-
Plastics	1 (5%)	-	1 (2%)	-
Total	21	-	48	-

Sector

Current #

Value

All-time #

Value

Life Science

6 (29%)

17 (35%)

Healthcare Services

4 (19%)

16 (33%)

Medical Products

3 (14%)

5 (10%)

Information Technology

4 (19%)

4 (8%)

Business Services

1 (5%)

2 (4%)

Consumer Products

1 (5%)

1 (2%)

Distribution

1 (2%)

Education

1 (5%)

1 (2%)

Plastics

1 (5%)

1 (2%)

Total

State/Country	Current #	Value	All-time #	Value
United States	21 (100%)	-	47 (98%)	-
	California	2 (10%)	-	8 (17%)	-
	New Jersey	3 (14%)	-	5 (10%)	-
	Pennsylvania	2 (10%)	-	5 (10%)	-
	Arizona	2 (10%)	-	3 (6%)	-
	Texas	1 (5%)	-	3 (6%)	-
	Massachusetts	1 (5%)	-	3 (6%)	-
	Maryland	-	-	3 (6%)	-
	Tennessee	2 (10%)	-	2 (4%)	-
	Ohio	2 (10%)	-	2 (4%)	-
	Michigan	1 (5%)	-	2 (4%)	-
	Georgia	1 (5%)	-	2 (4%)	-
	Illinois	-	-	2 (4%)	-
	Wisconsin	1 (5%)	-	1 (2%)	-
	New Hampshire	1 (5%)	-	1 (2%)	-
	Indiana	1 (5%)	-	1 (2%)	-
	Florida	1 (5%)	-	1 (2%)	-
	North Carolina	-	-	1 (2%)	-
	Kentucky	-	-	1 (2%)	-
	Colorado	-	-	1 (2%)	-
Canada	-	-	1 (2%)	-
	Ontario	-	-	1 (2%)	-
Total	21	-	48	-

State/Country

Current #

Value

All-time #

Value

United States

21 (100%)

47 (98%)

California

2 (10%)

8 (17%)

New Jersey

3 (14%)

5 (10%)

Pennsylvania

2 (10%)

5 (10%)

Arizona

2 (10%)

3 (6%)

Texas

1 (5%)

3 (6%)

Massachusetts

1 (5%)

3 (6%)

Maryland

3 (6%)

Tennessee

2 (10%)

2 (4%)

Ohio

2 (10%)

2 (4%)

Michigan

1 (5%)

2 (4%)

Georgia

1 (5%)

2 (4%)

Illinois

2 (4%)

Wisconsin

1 (5%)

1 (2%)

New Hampshire

1 (5%)

1 (2%)

Indiana

1 (5%)

1 (2%)

Florida

1 (5%)

1 (2%)

North Carolina

1 (2%)

Kentucky

1 (2%)

Colorado

1 (2%)

Canada

1 (2%)

Ontario

1 (2%)

Total

Type	Current #	Value	All-time #	Value
Venture	3 (14%)	-	12 (25%)	-
Buyout (LBO, MBO, MBI)	3 (14%)	-	10 (21%)	-
Secondary Buyout	9 (43%)	-	10 (21%)	-
Growth Capital	2 (10%)	-	7 (15%)	-
Divestiture	2 (10%)	-	4 (8%)	-
Recapitalization	1 (5%)	-	2 (4%)	-
Consolidation	-	-	1 (2%)	-
Joint Venture	-	-	1 (2%)	-
Stake Purchase	1 (5%)	-	1 (2%)	-
Total	21	-	48	-

Type

Current #

Value

All-time #

Value

Venture

3 (14%)

12 (25%)

Buyout (LBO, MBO, MBI)

3 (14%)

10 (21%)

Secondary Buyout

9 (43%)

10 (21%)

Growth Capital

2 (10%)

7 (15%)

Divestiture

2 (10%)

4 (8%)

Recapitalization

1 (5%)

2 (4%)

Consolidation

1 (2%)

Joint Venture

1 (2%)

Stake Purchase

1 (5%)

1 (2%)

Total

Type	Total #	Value
Secondary Sale	10 (37%)	1.0B (26%)
Trade Sale - Public Company	6 (22%)	2.9B (74%)
Trade Sale	6 (22%)	19M (< 1%)
IPO	5 (19%)	-
Total	27	$3.9B

Type

Total #

Value

Secondary Sale

10 (37%)

1.0B (26%)

Trade Sale - Public Company

6 (22%)

2.9B (74%)

Trade Sale

6 (22%)

19M (< 1%)

IPO

5 (19%)

Total

$3.9B

Financial	Deals
Houlihan Lokey	1
Cantor Fitzgerald	1
RBC Capital Markets	1

Financial

Deals

Houlihan Lokey

Cantor Fitzgerald

RBC Capital Markets

Legal	Deals
Goodwin Procter	6
Bass, Berry & Sims PLC	1
Kirkland & Ellis	1

Legal

Deals

Goodwin Procter

Bass, Berry & Sims PLC

Kirkland & Ellis

sell	#	Total
> $1B	2	$2.5B
$100M to $1B	2	$1.3B
< $100M	3	$106M
TOTAL	$3.9B
Largest	Parata Systems LLC $1.5B (2022-06-06)

sell

Total

> $1B

$2.5B

$100M to $1B

$1.3B

< $100M

$106M

TOTAL

$3.9B

Largest

Parata Systems LLC
$1.5B (2022-06-06)

		Deals
Acquired from
Investor(s)	25%	12 (25%)
Strategic(s)	8%	4 (8%)
Exited to
Investor(s)	37%	10 (37%)
Strategic(s)	44%	12 (44%)

Deals

Acquired from

Investor(s)

12 (25%)

Strategic(s)

4 (8%)

Exited to

Investor(s)

10 (37%)

Strategic(s)

12 (44%)

FAQ

When was Frazier Healthcare Partners founded?

Frazier Healthcare Partners was founded in 1991.

What type of investor is Frazier Healthcare Partners?

Frazier Healthcare Partners is a growth capital firm.

Where is Frazier Healthcare Partners headquartered?

Frazier Healthcare Partners is headquartered in Seattle, Washington.

How much capital does Frazier Healthcare Partners have under management?

Frazier Healthcare Partners has 3.4B USD under management.

Frazier Healthcare Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

M&A Summary