Frazier Healthcare hires Draye as executive partner

Frazier Healthcare Partners, a healthcare investment firm, hired Anthony Draye as an executive partner on the growth buyout team. Draye has worked in healthcare IT for 10 years, most recently serving as director of TridentUSA Health Services.

PRESS RELEASE

SEATTLE–(BUSINESS WIRE)–Frazier Healthcare Partners, a leading provider of growth capital to healthcare companies, announced today that Anthony Draye has joined the firm as an Executive Partner on the Growth Buyout team. Mr. Draye, an IT leader who has spent the last 10 years helping healthcare companies set and execute IT strategy, will work with Frazier Growth Buyout portfolio companies to navigate the complex world of healthcare IT.

“We are delighted to have Anthony join our team of experienced Executive Partners who work directly with our portfolio companies to help them build their infrastructure to keep pace with high levels of growth and the increasing complexity of being a leading healthcare company in today’s fast changing world,” said Alan Frazier, Founder & Chairman at Frazier Healthcare Partners.

Most recently, Mr. Draye was Director of Applications for TridentUSA Health Services, a national provider of laboratory and mobile radiology services. At TridentUSA he leveraged his extensive experience with lab, radiology, and billing systems to create an IT platform that helped drive clinical excellence and facilitated the efficient on-boarding of many regional acquisitions. Mr. Draye also served as Vice President for Information Technology at Diagnostic Radiology and Oncology Services, a consultancy providing radiology, oncology, and surgery centers with solutions for strategic planning, business development, operations management, and acquisition due diligence. He assisted large and small healthcare companies with IT architecture, large clinical and billing system implementations, work flow process optimization, and IT governance. Before working in the healthcare industry, Mr. Draye led software development projects in telecommunications and worked in the research and development group at The Boeing Company.

“I encountered the Frazier team shortly after I began working in healthcare. Our paths crossed on a number of occasions, and each time I was impressed by the integrity and humility that they exhibited when working with the management teams of their portfolio companies,” said Mr. Draye. “So, when I considered the Executive Partner opportunity at Frazier Healthcare Partners I knew I was joining a great team with a track record of success.”

About Frazier Healthcare Partners

Founded in 1991, Frazier Healthcare Partners is a leading provider of growth capital to healthcare companies. The firm has over $2.4B under management and has made investments in over 170 healthcare companies, with investment types ranging from company creation and venture capital to growth buyouts and leveraged recapitalizations. Frazier’s experienced team takes an active approach to helping build portfolio companies, leveraging the team’s deep domain expertise and expansive network of healthcare executives, advisors, and industry thought leaders. The firm’s Growth Buyout team invests in profitable companies focusing on healthcare services, pharmaceutical services, medical products, and related sectors. The firm’s Life Sciences team invests in therapeutics and related areas that are addressing unmet medical needs through innovation. Frazier has offices in Seattle, WA and Menlo Park, CA, and invests broadly across the US, Canada, and Europe.

For more information about Frazier Healthcare Partners, visit the company’s website at http://www.frazierhealthcare.com.