MatrixCare
“Can the dominant post-acute-care EHR extend from clinical documentation into billing, RCM, resident payments, and AI-assisted operations across the full long-term care continuum?”
Founded1982
HQBloomington, Minnesota, United States
Total raisedAcquired by ResMed for $750M (2018)
Latest roundAcquisition by ResMed, 2018
Valuation$750M (acquisition price)
IndustryVertical SaaS / Healthcare
The story
MatrixCare is a long-tenured (founded 1982) vertical SaaS EHR platform for post-acute and long-term care (skilled nursing, senior living, home health, hospice). Acquired by ResMed in 2018 for $750M as part of ResMed's push to build an out-of-hospital SaaS portfolio alongside Brightree and HEALTHCAREfirst. Embedded finance is a secondary layer: resident payment portal (ACH), POS for community/dining charges, and RCM services — not a fintech-forward posture.
Last 12 months
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Product timeline
2018
ResMed acquired MatrixCare for $750M, expanding into skilled nursing and senior living EHR· acquisition
2018
ResMed acquired HEALTHCAREfirst (RCM for home health/hospice), later integrated into MatrixCare· acquisition
2023
Launched updated MatrixCare Payment Portal for ACH-based resident payments· banking
2024
Introduced integrated POS solution with contactless payments (Apple Pay, Google Pay, chip readers)· banking
The stack
3 layers disclosed in MatrixCare’s embedded-finance stack
Payments / PSP
Rectangle HealthMatrixCare Payment Portal (self-operated)MatrixCare POS (self-operated)
Money movement
in the full report
Accounting
in the full report
Accounting gap: significant
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.