Audax Private Equity and Parthenon Capital Acquire Elevate Patient Financial Solutions 

Audax Private Equity and Parthenon Capital Acquire Elevate Patient Financial Solutions 

Audax Private Equity announced on August 4 that, alongside Parthenon Capital Partners, it has acquired Elevate Patient Financial Solutions (ElevatePFS).  ElevatePFS delivers revenue cycle management (RCM) solutions to hospitals, health systems and health providers nationwide. ElevatePFS was backed by private equity firm Frazier Healthcare Partners.  During its ownership, Frazier partnered with ElevatePFS’s management team to accelerate organic growth through significant investments in talent, commercial infrastructure and technology. Additionally, Frazier supported seven strategic add-on acquisitions that expanded Elevate’s solution suite and transformed ElevatePFS into a... Read More »
TA Associates Invests in HealthMark Group to Support Next Phase of Growth

TA Associates Invests in HealthMark Group to Support Next Phase of Growth

HealthMark Group, a leading provider of clinical information exchange solutions for healthcare providers, has announced a strategic growth investment from TA Associates, a Boston, Massachusetts-based global private equity firm. Founded in 2006, HealthMark’s platform enables healthcare providers to outsource clinical information requests from health plans, law firms, insurance companies, patients and other requestors. Through a network of more than 60,000 providers and 5,000 facilities nationwide, the company integrates with a disparate set of data sources and more than 100 electronic medical record systems. To date, HealthMark has processed more than 20 million clinical data requests,... Read More »
Audax Private Equity and Parthenon Capital Acquire Elevate Patient Financial Solutions 

BVP Forge Invests in BetterRX 

BVP Forge, based in San Francisco, California, announced that it made a strategic investment into Salt Lake City, Utah-based BetterRX. BetterRX also announced the appointment of Tim Tannert as its new CEO.  BetterRX is a leading hospice pharmacy platform. Its real-time technology platform is designed to eliminate medication delays and enhance patient care. The platform offers 100% pass-through pricing, seamless electronic medical record integration, pharmacy access and round-the-clock clinical support.  BVP Forge is a buyout fund managed by Bessemer Venture Partners. BVP Forge operates as a private equity firm for growth-oriented, self-sustaining software-enabled businesses... Read More »
Sellers Dorsey Acquires DignifiHealth

Sellers Dorsey Acquires DignifiHealth

Sellers Dorsey announced on July 15 the acquisition of DignifiHealth, a population health and value-based care data analytics company headquartered in Williamson, Virginia. Headquartered in Philadelphia, Pennsylvania, Sellers Dorsey is a national healthcare consulting firm providing expertise to clients in the public and private sectors. The firm helps its clients navigate the ever-changing healthcare marketplace, provides clarity at the intersection of industry, policy and government and understands and translates market trends. This acquisition builds on Sellers Dorsey’s June 2024 acquisition of a data analytics and visualization company, HealthDataViz, and continues the... Read More »
Audax Private Equity and Parthenon Capital Acquire Elevate Patient Financial Solutions 

VitalHub Acquires Novari Health Inc. for $31.9 Million 

VitalHub Corp., based in Toronto, Canada, announced that it acquired Novari Health Inc. for $31.9 million.  Headquartered in Canada, with offices in Australia, New Zealand and the United Kingdom, Novari is one of the fastest growing digital health solution providers. The platform offers a series of integrated software modules providing referral management, surgical wait list management, central intake and care coordination.  VitalHub serves more than 1000 clients across Canada, the United States, the United Kingdom, Australia, the Middle East and Europe with blockchain, mobile and web-based assessment and electronic health record solutions. VitalHub has an offshore development... Read More »
TA Associates Invests in HealthMark Group to Support Next Phase of Growth

Nordic Capital Becomes Majority Owner of Arcadia

Arcadia and Nordic Capital have announced a strategic partnership where Nordic Capital will become the majority owner of Arcadia. The transaction is expected to close in the second half of 2025,  subject to customary regulatory approvals and closing conditions. Arcadia is a population health management technology company supporting healthcare enterprises taking on risk and transitioning to value-based care. Arcadia’s platform integrates data from across the healthcare ecosystem and transforms it into insights that generate improved outcomes and quality, increased revenue and reduced costs for providers, payers and government organizations. With differentiated access to rich datasets,... Read More »