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 »
iCoreConnect Acquires Teamworx Dental
On January 3, Ocoee, Florida-based iCoreConnect Inc. announced that it entered into an agreement to acquire Teamworx Dental. Teamworx provides patient education and lead generation software for dental practices with more than 100 high-definition, 3D virtual-treatment planning and case acceptance videos that span oral surgery, implants, pediatrics and more. The company is based in Omaha, Nebraska. iCoreConnect Inc. is a cloud-based software and technology company providing secure, HIPPA-compliant communication and healthcare practice management services. According to its most recent financial report, for FY 2022, iCoreConnect had revenue of $7.99 million. This acquisition... Read More »
Healthcare Outcomes Performance Company Acquires MoonlightOrtho
Healthcare Outcomes Performance Company (HOPCo) has announced that it acquired MoonlightOrtho. MoonlightOrtho is a musculoskeletal telehealth platform founded in 2019 by orthopedic surgeon Dr. David Eisenhauer. The company provides musculoskeletal care to patients through on-demand or asynchronous video telecommunication. HOPCo provides musculoskeletal value-based health outcomes management, health system service line management and practice management software solutions. This includes management and optimization of specialties such as orthopedics, spine, neurosurgery, hand, pain management, rehabilitation and neurology. It is partnered with practices in more than 30... Read More »
Pharos Capital Makes Majority Investment in RhythMedix
Pharos Capital Group, a middle-market private equity firm based in Dallas and Nashville, has acquired a majority stake in RhythMedix. The two companies announced the transaction on January 4. Based in Mt. Laurel, New Jersey, RhythMedix was founded in 2013 to improve the remote cardiac monitoring experience for both patients and clinicians. The company’s proprietary RhythmStar® is the first wearable cardiac ECG monitor with built-in 4G cellular connection, providing faster, more comfortable and overall better arrhythmia detection without the need for additional devices. Pharos Capital Group is a physician-founded investment firm focused on growing healthcare companies that aim... Read More »
Veradigm Strengthens Revenue Cycle Services Portfolio with Koha Health
Veradigm Inc., a leading provider of healthcare data and technology solutions, has announced the acquisition of Koha Health. With this acquisition, Veradigm further adds to its depth of offerings and expertise as a leading provider of revenue cycle management (RCM) services in the ambulatory healthcare market. Koha Health is a full-service RCM company based in Merrimack, New Hampshire. Veradigm, formerly Allscripts Healthcare Solutions, Inc., is a publicly traded American company that provides physician practices, hospitals and other healthcare providers with practice management and electronic health record technology. Veradigm also provides products for patient engagement and care... Read More »Schedule a demo
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