On February 20, RevSpring reported that it acquired TrustCommerce. The seller was Waud Capital Partners, who initially purchased the company in 2017.
FT Partners served as the exclusive strategic and financial advisor to TrustCommerce. Financial terms of the deal were not disclosed.
TrustCommerce is a leading financial technology company trusted by large health systems, hospitals and ambulatory practices. The TrustCommerce integrated payment platform can reduce friction and facilitate secure, compliant patient payments. It connects patients with core electronic health records and practice management software.
RevSpring provides analytics-driven communications and payment solutions that help healthcare organizations simplify access and financial experiences across print, digital and voice channels. Its technology supports patient outreach, intake and check-in, billing and payments and revenue cycle optimization for thousands of provider organizations nationwide. RevSpring is a Frazier Healthcare Partners portfolio company.
RevSpring plans to integrate TrustCommerce’s enterprise gateway connectivity and extensive integrated payments footprint with RevSpring’s payments and financial engagement platform. This will help organizations unify payment operations and improve results across the revenue cycle.
According to data captured in the LevinPro HC database, this deal marks the first healthcare payments & billing transaction of the year. Throughout 2025, seven deals were reported within the specialty.
