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Frazier Healthcare Partners

Private equityoperating company · company profile

Seattle · Growth · 51 people tracked

Also known as Frazier Management, L.L.C.

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Investment thesis

Frazier Healthcare Partners applies a multi-decade, healthcare-specialized investment approach through its Growth Buyout strategy, partnering with profitable and growing companies across the healthcare sector. The firm pairs high-conviction investment themes with proven operating executives, sourced through its Executive in Residence program and extensive healthcare network. Beyond capital, Frazier provides in-house functional resources to help portfolio companies build human capital, strengthen operational infrastructure, and navigate rapid growth, often supporting buy-and-build strategies. The Buyout group has scaled significantly since 1995 and raised over $11 billion of capital for private funds and co-investment opportunities from institutional limited partners globally.

Source: firm website, verified Aug 25, 2026.

Stage
Growth
Check
$50M – $400M
HQ
Seattle, Washington, US
Instruments
Equity
Founded
1991
AUM
$7.7B
Tracked investments
72

Team · 51 people

from the firm's website & curated & public directories
Ben Magnano· Managing Partnerin
Brian Morfitt· General Partnerin
Steve R. Bailey· CFO, COO and Partnerin
Ilene Cheungin
Jeremy Jansonin
Kent Berkley· Partnerin
Philip Zaorski· General Partnerin
Ryan Lucero· Partnerin
Shyamal Swami· Principalin
Andrew Wuin
Daniel Ewnetuin
Jennifer Zhuangin
Matt Hinshawin
Mike Gawlikin
Volodymyr Gulidovin
Clarissa Berman· Principalin

7 people who came through Frazier Healthcare Partners went on to found or lead other companies.

What they invest in

from 45 of 72 portfolio companies

Healthtech ×37Digital Health ×19Medical Devices ×16Biotech ×12SaaS ×8Advanced Manufacturing ×6AI & Machine Learning ×4Enterprise Software ×4

HQs:United States×28

Investments · 72 tracked

founders shown can be your intro path
Passage Biopassagebio.comin𝕏NASDAQ: PASG

Passage Bio is a biotechnology company developing treatments for central nervous system (CNS) diseases, with a focus on neurodegenerative conditions.

BiotechHealthtechPhiladelphia, US

Tadataka Yamada(Executive Officer, Director, Promoter)Stephen Squinto(Executive Officer, Director)

BoardPatrick Heron(Director)inCarl Gordon(Director)Thomas Street Address 1 Woiwode(Director)Saqib Islam(Director)

Co-investorsFrazier Life SciencesAccess BiotechnologyNew Leaf Venture PartnersOrbiMedVersant VenturesVivo Capital

Vatica Healthvaticahealth.comin𝕏✓ verified

Vatica Health develops software solutions for primary care physicians, health plans, and providers to improve the Medicare Annual Wellness Visit and risk adjustment processes.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesSaaS

Steve Zuckerman(Co-founder)Averel Snyder(Co-founder)Keith Anderson(Chief Executive Officer)

Co-investorsGreat Hill PartnersOptum Ventures

Abode Healthcareacquired by Tailwind Capital

Provides a full spectrum of home health and hospice services across the US; based in Durango, CO.

Co-investorsSummit Partners

Accuity

Technology-enabled Clinical Documentation Improvement (CDI) services for hospitals and health systems, using a physician-led pre-bill model.

Accuityhealthcareaccuityhealthcare.comin

Accuity provides software solutions to hospitals for managing clinical documentation standards, regulatory compliance, and healthcare revenue cycle optimization.

AI & Machine LearningDigital HealthHealthtechSaaS

Adare

Specialty contract development and manufacturing organization (CDMO) serving pharmaceutical companies worldwide.

Adarepharmasolutionsadarepharmasolutions.comin𝕏

Adare Pharma Solutions is a CDMO (contract development and manufacturing organization) and pharma services provider serving the biopharma industry with manufacturing, research and development, and patient support capabilities.

Advanced ManufacturingBiotechHealthtechMedical Devices

Tom Sellig(Chief Executive Officer)Jason Arcediano(Chief Commercial Officer)David Durkin(Chief Financial Officer)Russell Lindenfeldar(Chief Legal Officer)Luisa Rodriguez(Chief Human Resources Officer)Naresh Sethi(Chief Information Officer)

Agilitihealthagilitihealth.comin

Agiliti provides medical and surgical equipment along with related services, including hospital beds and therapeutic surfaces, medical device rental, onsite equipment management, clinical engineering, and surgical technology services.

HealthtechMedical Devices

AirLifemyairlife.comin

AirLife manufactures airway management medical devices, including endotracheal tubes and pharyngeal airways, used to maintain or restore safe airways for oxygenation and ventilation.

Advanced ManufacturingHealthtechMedical DevicesGrand Rapids, US

Alestaalestatherapeutics.comin

Alesta Therapeutics develops therapies for rare diseases, with research focused on genetic diseases and oncology.

BiotechHealthtech

Ilan Ganot(CEO)Benit Maru(CMO)Matthias Van Woensel(CSO)

Co-investorsDroia VenturesFrazier Life SciencesNovartis Venture FundRTW Investments L.P.Thuja Capital

Alteon Healthalteonhealth.comin𝕏acquired by US Acute Care Solutions

Alteon Health is a physician-owned and physician-led acute care medical group that partners with hospitals and health systems to provide hospitalist medicine, post-acute care, and clinical staffing.

Digital HealthHealthtech

Co-investorsNew Mountain Capital

Altruixaltruix.comin𝕏

Altruix operates local, independent pharmacies in the mid-Atlantic region, offering person-centered pharmacy services that specialize in behavioral health, intellectual and developmental disabilities, and substance use disorder.

Digital HealthHealthtechMental Health

AppianRxappianrx.com

Specialty pharmacy serving patients with chronic, complex conditions; based in Houston, TX.

Beckersascbeckersasc.com
Beloitbeloitdailynews.com𝕏

Beloit Daily News is a local news publication covering Beloit, Wisconsin and surrounding Rock and Walworth county communities, reporting on local events, crime, education, business, sports, and real estate.

Media & EntertainmentBeloit, US

Bravo Healthbravohealth.cominacquired by HealthSpring

Medicare Advantage and Part D prescription drug plans; based in Baltimore, MD.

Co-investorsNew Enterprise Associates (NEA)

BrightSpring Louisville, KYbrightspringhealth.comin𝕏

BrightSpring Health Services operates complementary home and community-based health services for complex populations requiring specialized or chronic care, including home health, hospice, senior care, and pharmacy management across all 50 U.S. states.

Digital HealthHealthtechWellness & Fitness

Co-investorsEpsilon Health Investors

Caravel Biocaravel.bioin

Caravel engineers proteins into scalable industrial "protein machines" for applications including critical minerals recovery, carbon capture, and industrial processes.

BiotechClimate TechDeep Tech

Trevor Nicks(Founder & CEO)Emily Bowman(CSO)Michał Jastrzębski(CTO)Agneya Bhushan(CINO)

Co-investors2048 VenturesPortland Seed FundThe Venture Collective

Caravelautismcaravelautism.comin𝕏

Caravel Autism Health provides evaluation, diagnosis, and data-driven therapy programs for children with autism, supported by their proprietary PathTap™ outcomes platform for clinical progress tracking and analysis.

Digital HealthHealthtechMedical DevicesMental Health

CareTria

Therapy initiation platform helping pharma companies accelerate patient access; based in Lakewood, NJ (formerly Knipper Health).

CHG Healthcarechghealthcare.com

Prior Firm Investment shown for illustrative purposes; not a Whistler fund investment.

Co-investorsLeonard GreenNew Enterprise Associates (NEA)Whistler Capital Partners

Cirius Therapeuticsciriustx.com

Cirius Therapeutics is a clinical-stage pharmaceutical company developing therapies for patients with chronic metabolic diseases driven by insulin resistance, including Type 2 Diabetes and obesity.

BiotechDigital HealthGrand Rapids, US

Jerry Callahan(Executive Officer)Brian Farmer(Executive Officer)Robert Baltera(Executive Officer, Director)Howard Dittrich(Executive Officer)

BoardMichael Jandernoa(Director)Mark Olesnavage(Executive Officer)

Co-investorsNovo Holdings

Comprehensive Pharmacy Servicescpspharm.com

CPS Solutions provides pharmacy management services to hospitals and health systems, including specialty pharmacy, 24/7 telepharmacy support (remote order entry and verification, transitions of care), 340B compliance, rehabilitation, and materials management.

Digital HealthEnterprise SoftwareHealthtech

Co-investorsAscension Ventures

Correct Care Solutionscorrectcaresolutions.com

Provides healthcare services to underserved populations in state hospitals and detention settings; based in Nashville, TN.

CPS Solutions

Nation's largest provider of pharmacy support services to hospitals and healthcare facilities; based in Dublin, OH.

Co-investorsFrazier Life Sciences

CSafe

Cold chain shipping solutions for pharmaceutical and life sciences companies; headquartered in Monroe, OH.

Csafeglobalcsafeglobal.comin

CSafe develops temperature-controlled shipping solutions for the pharmaceutical and life sciences cold chain, including active and passive air cargo containers, parcel shippers, and cryogenic dewars for cell and gene therapies.

Advanced ManufacturingBiotechHealthtechIoTLogistics & Supply ChainMonroe, US

Patrick Schafer(Chief Executive Officer)Scott Lathrop(Chief Financial Officer)Niall Prendiville(Chief (Engineering/Operations))Micki Turner(Chief Human Resources Officer)Sofia Pokatilova(Chief Legal / General Counsel)

Co-investorsBCI

DSI Renal

For-profit operator of dialysis clinics; based in Nashville, TN.

Effective School Solutionseffectiveschoolsolutions.comin𝕏

Effective School Solutions provides guidance and resources to school districts on securing and sustaining funding for mental and behavioral health services.

Digital HealthEdTechGovTechHealthtechMental Health

Dr. Norris(Chief Executive Officer)Lisa Ciappi(Chief Clinical Officer)Jerry(Chief Clinical Officer)

Co-investorsHavencrest Capital Management

EIS investmentwpenginepowered.com

Co-investorsBenchstrength PartnersIW CapitalZero Infinity Partners

Elevate Patient Financial Solutions

Revenue cycle management solutions for hospitals and health systems; based in Spring, TX.

Elevatepfselevatepfs.comin𝕏

Elevate Patient Financial Solutions (ElevatePFS) provides revenue cycle management services for hospitals and healthcare facilities, including eligibility and enrollment solutions and coverage identification powered by its Summit System technology.

FintechHealthtechSaaS

Eptameptam.comin

EPTAM provides precision machining, plastics, and molding manufacturing services for regulated industries including medical and aerospace sectors.

Advanced ManufacturingBiotechHardwareHealthtechMedical DevicesBoston, US

Bill Flaherty(President & Chief Commercial Officer)Judson Samuels(Executive Officer)Mark Jrolf(Executive Officer)

Golden State Medical Supplygsms.usinacquired by Court Square Capital Partners

A pharmaceutical company that markets a portfolio of drug products across various dosage forms, with labeling and packaging following FDA requirements.

Advanced ManufacturingBiotechHealthtechLogistics & Supply Chain

Rick Ryan(Executive Director and Founder, WSI)Benjamin Hall(Chief Executive Officer)David Arnold(President/Chief Operating Officer)Sonia De La Rosa(Chief Commercial Officer, Corporate Development and Strategy)

Co-investorsFulcrum Equity PartnersNew Enterprise Associates (NEA)

HopCohopco.com

HOPCo brings together executives from musculoskeletal medicine, hospital and health system management, insurance, and healthcare IT to manage and coordinate care and alternative payment models.

Digital HealthHealthtechMedical DevicesPhoenix, US

David J. Jacofsky(Founder, Chairman and Chief Executive Officer)Wael Barsoum(President & Chief Transformation Officer)LeAnne Stewart(Chief Financial Officer)Jason Scalise(Chief Value Officer)Peter J. Slate(Chief Corporate Development Officer)Chris Martinez(Global Chief Information Officer)

Imago BioSciences, Inc.

HealthtechSan Carlos, US

Hugh Y. Rienhoff(Executive Officer, Director)Laura G. Eichorn(Executive Officer)

BoardPatrick Heron(Director)inDennis Henner(Director)Alan Sachs(Director)

Co-investorsAmgen VenturesClarus VenturesFrazier Life Sciences

Inipharminipharm.comin

Inipharm is a clinical-stage biopharmaceutical company developing small-molecule inhibitors targeting HSD17B13 to treat severe fibrotic liver diseases, including MASH and other conditions with established genetic validation.

BiotechHealthtechMedical Devices

Chuhan Chung(Chief Medical Officer)

Co-investors5AM VenturesFrazier Life SciencesWu Capital

Knipperknipper.comin

Knipper provides multi-modal pharmaceutical fulfillment and dispensing services, including patient access solutions, pharmacy fulfillment, samples management, and third-party logistics for pharma companies.

Digital HealthHealthtechLogistics & Supply Chain

Co-investorsFrazier Life Sciences

Konovokonovo.comin

Konovo operates an AI-enabled platform and services connecting healthcare market researchers and data scientists with vetted respondents such as physicians, patients, and payers for primary research.

AI & Machine LearningHealthtechSaaS

Laboratory Supply Companyacquired by McKesson

Clinical lab equipment, reagent and supplies distributor (LABSCO); based in Louisville, KY.

Labscolabsco.com
Lassen Therapeuticslassentherapeutics.comin

Lassen Therapeutics is a biotechnology company developing therapeutics targeting IL-11, with a pipeline focused on immune and fibrotic diseases.

Biotech

David King(Co-Founder & CSO)Maria Fardis(CEO)Cadmus C. Rich(Chief Medical Officer)Elaine Stracker(General Counsel)

Co-investorsAlta PartnersCatalio Capital Management, LPDC Investment PartnersLongitude CapitalLongwood FundBiotechnology Value Fund+2 more

Leitersleiters.comin

Leiters Health is an FDA-registered 503B outsourcing facility that produces sterile compounded preparations for hospitals, surgery centers, and ophthalmic use.

BiotechHealthtechMedical DevicesDenver, US

Co-investorsCorewell Health VenturesEscalate Capital PartnersH.I.G. CapitalH.I.G. HealthBridge PartnersKaiser Permanente VenturesRex Health Ventures+2 more

LUX Infusionluxinfusion.comin𝕏

LUX Infusion provides clinical infusion therapy for patients with complex and chronic conditions, including immune deficiencies, autoimmune and inflammatory conditions, transplant immunosuppression, and bleeding disorders.

Digital HealthHealthtech

Matrix Medical Networkmatrixmedicalnetwork.comin

Matrix Medical Network is an independent provider of comprehensive in-home health assessments serving people across the United States.

Digital HealthHealthtechMedical Devices

MedPointeacquired by Meda

Pharmaceutical company focused on allergy/respiratory and pain therapeutics; based in Somerset, NJ.

NetCitadelin𝕏Acquired

Proofpoint provides cybersecurity and compliance software that protects organizations' people, data, cloud environments, and email from advanced cyber threats.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Ashan Willy(CEO)Sumit Dhawan(Chief Executive Officer)Rémi Thomas(Chief Financial Officer)Kim Sullivan(Chief People Officer)Mayank Choudhary(EVP and GM, Information Protection, Cloud Security & Compliance Products Group)Tom Corn(EVP and GM, Threat Protection Group)

Co-investorsCrane Venture PartnersDag VenturesElevate VenturesGamutGlynn Capital ManagementGranite Hill+12 more

Northfield Medicalacquired by Agiliti

Instrument and endoscopic scope repair and management services for acute care hospitals; based in Novi, MI.

Parataparata.comin𝕏acquired by BD

Parata develops pharmacy automation solutions that help pharmacies improve efficiency, patient medication adherence, and operational costs.

Enterprise SoftwareHardwareHealthtechRoboticsSaaS

Patheonpatheon.comin𝕏

Patheon, part of Thermo Fisher Scientific, is a contract development and manufacturing organization (CDMO) that also offers clinical research (CRO) services for biotechnology and pharmaceutical sponsors.

Advanced ManufacturingBiotechHealthtech

Co-investorsAmpersand

PCIpci.com

Global drug development, manufacturing, clinical trial supplies and packaging services; based in Philadelphia, PA.

Pciservicespciservices.com
Pentec Healthpentechealth.comin𝕏acquired by Norwest Equity Partners

Pentec Health is a national provider of clinical nutrition and specialty care services, integrating pharmacy services with clinical expertise for patients with complex conditions including dialysis, wound care, metabolic disorders, and oncology needs.

Digital HealthHealthtechMedical Devices

Co-investorsWellspring

Pentec Health Celebrates 35th Anniversaryin𝕏

This page is a distribution, marketing, and reseller partner directory for PRWeb, an online press release distribution service.

Marketing TechMedia & EntertainmentSaaS

Co-investorsAdvance Venture PartnersAngel Physicians FundAvestria VenturesAviv Venture CapitalBIGR VenturesBlue Venture Funds+15 more

Pharmiwebpharmiweb.com

PharmiWeb.com was an online career and jobs community for the pharmaceutical industry, connecting professionals with opportunities from entry-level to VP positions.

HealthtechHR Tech

Presspubspresspubs.com

Press Publications operates a local news outlet covering communities in the east metro area of Minnesota, including White Bear Lake, Shoreview, Arden Hills, and Mahtomedi.

Media & Entertainment

Priority Solutionsacquired by Thermo Fisher Scientific

Non-asset-based logistics network for pharmaceutical and healthcare industries; based in Swedesboro, NJ.

Psychpsychcongress.com

Psych Congress runs in-person psychiatry conferences and educational events focused on practical psychopharmacology and clinical treatment strategies.

EdTechHealthtechMental Health

RevSpringrevspringinc.comin𝕏

RevSpring provides patient and member engagement solutions for healthcare providers and payers, combining behavioral data, financial insights, and multi-channel (digital and print) communications to guide patients from provider search through final payment.

AI & Machine LearningDigital HealthHealthtech

Brandon Spring(Chief Commercial Officer & Kyruus GM)

Co-investorsBeringeaNew Enterprise Associates (NEA)

Exits · 14

IPOs and acquisitions across the tracked portfolio

Passage BioNASDAQ: PASGAbode Healthcareacq. by Tailwind CapitalAlteon Healthacq. by US Acute Care SolutionsBravo Healthacq. by HealthSpringGolden State Medical Supplyacq. by Court Square Capital PartnersLaboratory Supply Companyacq. by McKessonMedPointeacq. by MedaNorthfield Medicalacq. by AgilitiParataacq. by BDPentec Healthacq. by Norwest Equity PartnersPriority Solutionsacq. by Thermo Fisher ScientificSolis Mammographyacq. by Madison Dearborn PartnersTrident USA Health Servicesacq. by Formation CapitalUnited Digestiveacq. by Kohlberg & Company

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 7

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
Frazier Life Sciences Public Overage FundLPs: Empire State Development – New York Ventures20221.28x0.17x
Frazier Life Sciences Public Fund, LPLPs: Empire State Development – New York Ventures20211.47x0.37x
Frazier Healthcare Ventures V, L.P.LPs: California State Teachers' Retirement System200514.7%2.28x2.28x
Frazier Technology Ventures II, L.P.LPs: Public Employee Retirement System of Idaho200414.4%4.46x4.46x
Frazier Healthcare IV, L.P.LPs: Washington State Investment Board, John D. and Catherine T. MacArthur Foundation20010.7%1.00x1.04x
Frazier Healthcare III, L.P.LPs: Washington State Investment Board1998-11.1%0.50x0.47x
Frazier Healthcare II, L.P.LPs: Washington State Investment Board19966.9%1.50x1.46x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Frazier Healthcare Partners made?
Frazier Healthcare Partners has 70 tracked investments, 13 of which have exited via acquisition or IPO.
What stage does Frazier Healthcare Partners invest at?
Frazier Healthcare Partners invests at the Growth stage.
What is Frazier Healthcare Partners's typical check size?
Frazier Healthcare Partners typically writes checks of $50M – $400M.
What sectors does Frazier Healthcare Partners focus on?
Frazier Healthcare Partners focuses on Biotech, Digital Health, FemTech, Healthtech, Medical Devices, Wellness & Fitness.
Where is Frazier Healthcare Partners located?
Frazier Healthcare Partners is headquartered in Seattle, US.
Who does Frazier Healthcare Partners co-invest with?
Frazier Healthcare Partners most often shares deals with New Enterprise Associates (NEA), Angel Physicians Fund, Kaiser Permanente Ventures, among 114 tracked co-investors.

Media · Podcasts & interviews

featuring the team

13 Brian Morfitt2017 HCFC: Frazier Healthcare Partners | Brian Morfitt

UCI Merage School · Brian Morfitt

Co-investors · 27

New Enterprise Associates (NEA)

New Enterprise Associates (NEA) is a venture capital firm that invests in and provides long-term support to founders building new companies.

$200K – $40M
Alta Partners

Alta Partners is a venture capital firm focused on the healthcare and life sciences sector, backing entrepreneurs building companies across biotechnology, therapeutics, and healthcare innovation.

Both backed · 2
Lassen TherapeuticsBE Biopharma
$1M – $12M
ARCH Venture Partners

ARCH Venture Partners is a venture capital firm that invests in and helps build transformational companies, with a strong focus on the life sciences and biotechnology sector.

Both backed · 1
BE Biopharma
$50K – $250M
OrbiMed

OrbiMed is a global healthcare-focused investment firm providing financing and operational support to companies across biopharmaceuticals, medical devices, digital health, diagnostics, and healthcare services.

Both backed · 1
$1M – $75M
Versant Ventures

Versant Ventures operates in-house Discovery Engines staffed by multidisciplinary scientists in dedicated laboratory facilities to help launch new biotechnology companies alongside academic founders.

Both backed · 1
$250K – $5M
5AM Ventures

5AM Ventures is a life science venture capital firm founded in 2002 that invests primarily in private therapeutic companies, with a focus on biopharmaceuticals, drug delivery technologies, and life science instruments.

Both backed · 1
$100K – $4M
Novartis Venture Fund

The Novartis Venture Fund invests in innovative life science companies, focusing on biotechnology and biopharmaceuticals at various stages of growth, aiming to drive patient benefit and generate returns.

Both backed · 1
$5M – $25M
Nextech Invest

Nextech Invest is a Zurich-based investment firm focused on emerging biotechnology companies, backing transformative cancer medicines and precision medicine advances worldwide.

Both backed · 1
BE Biopharma
$648K – $3.2M
Samsara BioCapital

Samsara BioCapital is an investment firm backing the development of transformative therapeutics for patients, bringing together scientists, physicians, drug developers, and business leaders to support next-generation therapeutic breakthroughs.

Both backed · 1
BE Biopharma
New Leaf Venture Partners

New Leaf Venture Partners is a venture capital firm investing in innovative healthcare companies.

Both backed · 1
General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

$30M
DCVC (Data Collective)

DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.

$5M – $25M
15 more co-investors

Norwest Venture PartnersCanaan PartnersVenrockDeerfield Management CompanySanofi VenturesMPM BioImpactDomain AssociatesThird Rock VenturesAsset Management VenturesSofinnova VenturesAisling CapitalAndera PartnersOmega FundsRiverVest Venture PartnersWestlake Village BioPartners

Firms observed investing alongside Frazier Healthcare Partners, from public investor directories. Shared companies are the overlap with Frazier Healthcare Partners's recorded portfolio.

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