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

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 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.

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.

Centauri Health Solutions Acquires Secure Exchange Solutions

December 8, 2021

Healthcare Services

Centauri Health Solutions has acquired Secure Exchange Solutions (SES), a Rockville, Maryland-based provider of cloud-based clinical data exchange software. The acquisition, supported by Centauri's investors Abry Partners, Silversmith Capital Partners and SV Health Investors, expands Centauri's capabilities in clinical data exchange to complement its analytics, risk adjustment and revenue cycle solutions.

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.