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

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 Centauri Health Solutions’ Health Systems Services division (Centauri HSS). Centauri HSS provides specialized eligibility and enrollment services for Medicaid and disability benefits, out-of-state Medicaid billing, and other complex revenue cycle services. Financial terms were not disclosed.

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.

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.

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.

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.

Park Cities Asset Management Affiliate to Acquire Elevate Credit

November 16, 2022

Payments & Fintech

Elevate Credit (Elevate) entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC in an all-cash transaction valued at an implied $67 million ($1.87 per share). The transaction is expected to close in the first quarter of 2023, subject to customary conditions, including shareholder and regulatory approvals.