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 »
Elevate Patient Financial Buys RCM Provider NYX Health Eligibility Services
Elevate Patient Financial Solutions announced on November 5 the acquisition of NYX Health Eligibility Services for an undisclosed price. NYX Health Eligibility Services provides revenue cycle management (RCM) solutions focused on Medicaid eligibility verification and enrollment on behalf of hospitals and health systems. NYX Health Eligibility Services was founded in 2023 and is based in Alpharetta, Georgia. Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide. ElevatePFS is backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds. This acquisition strengthens Elevate’s current eligibility and... Read More »
Frazier Healthcare Partners Announces Acquisition of BioMatrix
Frazier Healthcare Partners announced on June 25 that it has completed its acquisition of Plantation, Florida-based BioMatrix Holdings, LLC. Frazier is partnering with Ted and Kathee Kramm, two experienced industry executives in the home infusion market, to lead BioMatrix. BioMatrix Holdings (also called BioMatrix Specialty Infusion Pharmacy) is a national provider of home-based infusion services with clinical expertise in neurological diseases, immunology deficiencies and transplants, as well as blood disorders. BioMatrix serves a diversified base of patients with more than 2,500 physician-referral relationships across all 50 states. Frazier Healthcare Partners is a provider of growth... Read More »
