Elevate Patient Financial Solutions Acquires Revenue Masters

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.

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.

RCM Holdings (Edgewater) Acquires MedData from MEDNAX

February 2, 2020

Healthcare Services

Edgewater Growth Capital’s newly formed portfolio company RCM Holdings, LLC has acquired MedData, a national provider of technology-enabled revenue cycle management services, from MEDNAX, Inc. The deal creates a PE-backed RCM platform aimed at consolidating niche revenue cycle management capabilities and expanding geographic presence and service offerings to hospitals, health systems and physician groups.

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.

Revenue Analytics Acquires Climber RMS

June 26, 2025

Cloud & SaaS

Revenue Analytics, an AI-powered revenue optimization firm, has acquired Climber, a Portugal-based revenue management software (RMS) provider for hotels. The deal expands Revenue Analytics' product portfolio and accelerates its presence across Europe and Latin America, integrating Climber’s team and technology to serve a combined portfolio of over 10,000 hotels.