PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

Elevate Patient Financial Solutions, backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds, announced on January 9 the acquisition of Professional Medical Services.  Professional Medical Services is a provider of revenue cycle management (RCM) solutions focused on low-balance accounts receivable resolution. The company was founded in 1991 and is based in Fort Worth, Texas.  Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide.  The acquisition will expand Elevate’s suite of RCM solutions and reinforce its commitment to addressing the most complex aspects of the revenue cycle for... Read More »
Cognizant Gets Bolder Healthcare Solutions

Cognizant Gets Bolder Healthcare Solutions

Cognizant Technology Solutions Corp. (NASDAQ: CTSH) has dabbled in eHealth acquisitions before. In March, the professional services company was back in the healthcare space targeting Bolder Healthcare Solutions, LLC for $108 million. Bolder Healthcare was formed in 2012 through a co-investment partnership between The Edgewater Funds and JZ Capital Partners, in coordination with senior industry leaders. The company offers a suite of healthcare revenue cycle management services to the Hospital and Physician Medical Group sectors. Since its founding, Bolder Healthcare has grown through acquisition. Two acquisitions in 2015 brought in Avectus Healthcare Solutions, which provides a... Read More »

Bolder Healthcare Solutions Makes Two Bolt-on Acquisitions

You probably haven’t heard of Bolder Healthcare Solutions, the Louisville, Kentucky-based partnership formed by The Edgewater Funds, JZ Capital Partners and BHS CEO, Michael Shea. The company offers a suite of healthcare revenue cycle management (RCM) services to hospitals and physician practices. Last week BHS announced two transactions, for two privately held companies, The ROI Companies and Avectus Healthcare Solutions. ROI Companies also provides healthcare RCM services, while Avectus Healthcare specializes in processing third-party liability claims and accounts for hospitals and trauma centers. Not to be boastful, but its press release states that Avectus “utilizes every resource... Read More »