Prosperity Behavioral Health Acquires Elevated Billing Solutions

NewSpring Invests in Prosperity Behavioral Health

March 16, 2023

Healthcare Services

NewSpring’s healthcare strategy has invested in Prosperity Behavioral Health, a technology-enabled business process outsourcing provider for behavioral health treatment facilities. Prosperity will use the capital to invest in technology, expand service lines and the team, and pursue strategic acquisitions to grow its national footprint; Michelle Mullany was named CEO as part of the transaction.

Elevate Patient Financial Solutions Acquires Professional Medical Services

January 9, 2024

Healthcare Services

Elevate Patient Financial Solutions (ElevatePFS), a PE-backed revenue cycle management (RCM) provider, has acquired Professional Medical Services, a Fort Worth-based specialist in low-balance accounts receivable resolution. The deal expands ElevatePFS’s accounts receivable and low-balance collection capabilities and is supported by ElevatePFS’s sponsors, The Edgewater Funds and Frazier Healthcare Partners.

Professional Credit Service Acquires Elevate Medical Solutions

June 19, 2025

Healthcare Services

Professional Credit Service (PCS), a Tonka Bay-backed patient financial engagement and recovery services provider, has acquired Elevate Medical Solutions, a U.S.-based medical coding, denials management, and auditing firm. The add-on expands PCS's capabilities into mid-stage revenue cycle management (RCM), combining Elevate's credentialed coding teams and AI-assisted tools with PCS's national footprint.

Fellow Health Partners Acquires Billing Services, Inc.

January 14, 2020

Healthcare Services

Fellow Health Partners, a New York-based medical business solutions company, has acquired Billing Services, Inc. (BSI), a long-established medical billing firm with locations in Manhattan, Ronkonkoma, and East Hampton, New York. The acquisition gives Fellow Health Partners additional billing scale and client relationships (BSI handled over $400 million in billing for 250+ clinicians) and enables the combined company to deploy Fellow's SAVi technology and training to expand services.

Discovery Behavioral Health Acquires Prosperity Wellness Center

December 28, 2020

Healthcare Services

Discovery Behavioral Health has acquired Prosperity Wellness Center, a 40-bed adult residential facility in Tacoma, Washington that specializes in substance use disorder treatment. The facility is the tenth brand added to Discovery’s portfolio as the company expands its network of residential and outpatient behavioral health services to increase access to care.

Elevate Patient Financial Solutions Acquires Centauri Health Solutions' Health Systems Services Division

February 17, 2026

Healthcare Services

Elevate Patient Financial Solutions (ElevatePFS) has completed a carve-out acquisition of the Health Systems Services division of Centauri Health Solutions. The deal — terms not disclosed — adds Centauri's Medicaid and disability eligibility/enrollment, out-of-state Medicaid billing, and other complex revenue cycle capabilities to ElevatePFS's revenue cycle management platform to better serve health system clients.