GTCR Announces Sale of RevSpring
CHICAGO, March 12, 2024 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that portfolio company RevSpring, Inc. ("RevSpring" or "the Company"), a leader in patient and consumer engagement and payment solutions, has been acquired by healthcare-focused investment firm Frazier Healthcare Partners.
- Headquartered in Nashville, Tennessee, RevSpring is a leading provider of end-to-end communication and payment solutions in healthcare and financial services.
- In total, RevSpring sends 1.5 billion communications and processes over $8 billion in payment volume annually for its healthcare and financial services customers.
- GTCR partnered with CEO Scott MacKenzie and the RevSpring management team to transform the business through investments in technology and product development and strategic acquisitions.
- "It has been an incredible journey for RevSpring with GTCR," said Mr. MacKenzie.