RevSpring Acquires TrustCommerce to Expand Integrated Healthcare Payments

Frazier Healthcare Partners Acquires RevSpring from GTCR

March 12, 2024

Healthcare Services

Frazier Healthcare Partners has completed the acquisition of RevSpring, a Nashville-based provider of patient engagement, communications and payment solutions, from private equity firm GTCR. Frazier is joined in the transaction by NEA, 22C Capital and RevSpring's senior leadership team and intends to invest in the company's product and go-to-market capabilities to accelerate growth.

Supreme Group (Trinity Hunt-backed) Acquires Health+Commerce

March 27, 2024

Marketing & Advertising

Supreme Group, the Trinity Hunt Partners-backed healthcare commercialization platform, has acquired Health+Commerce, an integrated marketing, public relations and creative agency serving medtech, biotech and digital health clients. Health+Commerce will continue to operate under its brand with founder Nicole Osmer becoming president; Balance Point provided debt and equity to support the acquisition.

Trust Payments Acquires WonderLane

January 31, 2022

Cloud & SaaS

Trust Payments has acquired WonderLane to integrate WonderLane’s cloud-native retail operations and Android-based ePOS technology into Trust Payments’ converged commerce platform. The move expands Trust Payments’ omnichannel retail capabilities—supporting self-checkout, mobile click & collect and mobile payment units—and brings retail operations and payments onto a single platform.

SPS Commerce Acquires Traverse Systems

May 9, 2024

Cloud & SaaS

SPS Commerce, a publicly traded retail supply chain cloud services company, has acquired Traverse Systems, a SaaS provider of vendor performance management and scorecarding solutions, for approximately $29.3 million ($25.0M cash and $4.3M stock). The acquisition expands SPS Commerce’s capabilities in supply chain performance and optimization and is expected to add incremental revenue in 2024 and 2025 while modestly impacting near-term Adjusted EBITDA.

Waystar Acquires HealthPay24 from EngageSmart

August 3, 2023

Healthcare Services

Waystar, a provider of healthcare payments technology, has acquired HealthPay24, an EngageSmart enterprise patient payment platform, to augment its patient financial engagement capabilities. The acquisition brings HealthPay24’s SaaS patient payments platform and its relationships with roughly 2,000 provider locations into Waystar’s payments ecosystem, expanding Waystar’s capabilities in patient payment experiences and revenue cycle technology.

Avista Capital Partners Acquires WellSpring Consumer Healthcare

August 23, 2022

Consumer Products

Avista Capital Partners completed the acquisition of WellSpring Consumer Healthcare from Audax Private Equity. WellSpring, founded in 1999 and headquartered in Sarasota, Florida, is a developer and marketer of over-the-counter and personal care brands (including Bactine, Bonine, Emetrol and Glaxal Base); Avista plans to support growth through product innovation, distribution expansion and strategic acquisitions.