Private equity firm Frazier Healthcare Partners has expanded its leadership bench by appointing veteran healthcare technology executive Stephen Krupa as an Executive in Residence.
The Seattle-based investment firm said the addition is intended to further strengthen its Growth Buyout platform by leveraging Krupa’s extensive experience in healthcare technology, operations, and strategic leadership.
Role Focuses on Investments and Portfolio Growth
In his new position, Krupa will work closely with Frazier Healthcare Partners’ investment professionals throughout the investment process.
His responsibilities will include supporting due diligence activities, providing expertise on healthcare technology markets, and helping evaluate potential investment opportunities.
Beyond deal execution, he will collaborate with leadership teams across the firm’s portfolio companies, offering guidance on improving operational performance, driving long-term growth strategies, and enhancing financial execution as businesses continue to scale.
More Than Three Decades of Industry Leadership
Krupa joins Frazier with more than 30 years of experience spanning healthcare technology, executive management, venture investing, and financial advisory services.
Most recently, he served as Chief Executive Officer of HealthEdge between 2016 and 2025.
During his leadership, the company expanded significantly, increasing annual revenue to more than $400 million while successfully navigating two ownership transitions through separate exits.
Venture Capital Background Shaped Healthcare Innovation
Before leading HealthEdge, Krupa spent nearly 20 years as a partner at the Psilos Group, where he focused on venture capital investments in healthcare technology companies.
During that period, he helped back several businesses that later became notable acquisition targets, including Active Health Management, which was acquired by Aetna; Definity Health, later purchased by UnitedHealthcare; and Extend Health, which became part of Towers Watson.
His investment experience provided exposure to emerging healthcare technologies and innovative business models across the industry.
Early Career Included Healthcare Advisory Work
Krupa’s career also includes investment banking experience at Wasserstein Perella & Co., where he advised healthcare organizations on strategic acquisitions and corporate transactions.
That financial background complements his operational and investment expertise, making him well-positioned to support companies through various stages of growth.
Frazier Continues Long-Term Healthcare Investment Strategy
Founded in 1991, Frazier Healthcare Partners has built its business around investing exclusively in the healthcare sector.
Over more than three decades, the firm has raised over $11 billion through private investment funds and co-investment vehicles while backing more than 200 companies.
Headquartered in Seattle with an additional office in New York City, the firm invests across the United States, Canada, and Europe, maintaining a broad focus on healthcare businesses positioned for long-term expansion.
