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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 »
Notable Private Equity Activity of 1H 2025
Private equity activity has slowed in the past 12 months, according to our recently published Healthcare M&A Quarterly Report. Headwinds and uncertainty in the market have finally caught up to private equity firms and their sponsored companies, resulting in a 17% slowdown in activity in Q2:25 compared to the first quarter. Year-over-year differences were even more pronounced, sliding by 24% in Q2:25 compared with the second quarter of 2024. Announced spending declined as well, reaching only $2.89 billion in Q2:24, far less than the $21.9 billion announced in the first quarter of 2025. Despite these slowdowns, private equity activity remained a driving force in the market, accounting... Read More »
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 »
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 »
