What You Should Know
- The Deal: RevSpring (backed by Frazier Healthcare Partners) has acquired TrustCommerce (a portfolio company of Waud Capital Partners) to build a dominant, end-to-end healthcare payment platform.
- The Tech: TrustCommerce brings its enterprise gateway connectivity and deep integrations with major Electronic Health Records (EHRs). This allows RevSpring to offer a seamless, unified payment stack from the front desk to the back office.
- The “BYOM” Advantage: A major strategic benefit of the deal is “Bring-Your-Own-Merchant” flexibility. Hospitals can adopt RevSpring’s modernized patient engagement software while maintaining their existing, legacy banking and merchant relationships behind the scenes.
- The M&A Spree: This follows RevSpring’s recent acquisition of Kyruus Health, signaling a rapid roll-up strategy to control the entire patient “digital front door”—from provider search and scheduling to final billing.
Acquisition Impact
The TrustCommerce acquisition allows RevSpring to consolidate these functions. “Integrated payments transform fragmented transactions into a cohesive, end-to-end financial platform, with clearer paths and fewer gaps,” noted Anthony Lucatuorto, CEO of TrustCommerce. By combining forces, RevSpring—which already processes over 60 million payment transactions and collects more than $14 billion annually—can offer a single pane of glass for reporting and reconciliation.
“This acquisition expands the scale of our platform and enhances our capabilities in integrated payments,” said Scott MacKenzie, Chief Executive Officer of RevSpring. “For providers and partners, the benefit is clear: fewer disconnected vendors, simpler reconciliation, and a more unified payments foundation, while preserving flexibility and choice in existing banking and merchant relationships.”
