Prosperity Behavioral Health announced on February 14 that it has acquired Elevated Billing, a South Jordan, Utah-based revenue cycle management (RCM) company that serves behavioral health facilities.
The acquisition will create new market opportunities and expand Prosperity’s service offerings. Terms of the deal were not disclosed.
Prosperity Behavioral Health is a national provider of financial solutions for behavioral health facilities. Prosperity’s suite of financial services includes RCM, financial analysis and reporting, corporate strategy and back-office operations. Private equity firm NewSpring Capital invested in Prosperity in 2022.
According to data captured in the LevinPro HC database, this acquisition marks the 33rd eHealth transaction of 2023, and the seventh in the RCM specialty. There were 66 eHealth transactions and three RCM deals announced between January 1, 2022, and February 14, 2022.
