Professional Credit Service Acquires Elevate Medical Solutions

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.

Audax Private Equity and Parthenon Capital Acquire Elevate Patient Financial Solutions from Frazier Healthcare Partners

August 4, 2025

Healthcare Services

Audax Private Equity and Parthenon Capital have acquired Elevate Patient Financial Solutions (formerly MedData) from Frazier Healthcare Partners in a transaction that closed July 31, 2025. Elevate, headquartered in Spring, Texas, is a technology-enabled provider of specialty revenue cycle management (RCM) services for hospitals and health systems; the investment will support organic growth and future add-on acquisitions to expand the company’s front-end and back-end RCM capabilities.

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.

Elevate Patient Financial Solutions Acquires Revenue Masters

June 1, 2023

Healthcare Services

Elevate Patient Financial Solutions, a portfolio company of Edgewater Growth Capital Partners IV, has acquired Revenue Masters, LLC, a technology-focused provider of revenue cycle management (RCM) solutions for health systems and hospitals. The acquisition is an add-on to Elevate's platform as it continues to expand its RCM capabilities and geographic presence.

Elevate Patient Financial Solutions Acquires NYX Health Eligibility Services

November 5, 2024

Healthcare Services

Elevate Patient Financial Solutions (ElevatePFS), a PE-backed provider of technology-enabled revenue cycle management (RCM) solutions, has acquired NYX Health Eligibility Services, a Medicaid eligibility verification and enrollment specialist based in Alpharetta, Georgia. The add-on expands ElevatePFS' front-end eligibility and enrollment capabilities to strengthen its end-to-end RCM offering for hospitals and health systems.

Prosperity Behavioral Health Acquires Elevated Billing Solutions

February 14, 2023

Healthcare Services

Prosperity Behavioral Health, a Cherry Hill, New Jersey-based provider of financial and revenue-cycle services for behavioral health facilities, has acquired Elevated Billing Solutions, a Utah-based revenue-cycle management firm serving behavioral health providers. The add-on expands Prosperity's service offerings and client base as it continues growth following NewSpring Capital's investment in 2022.