HIT Consultant August 5, 2025
What You Should Know:
– Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare sector announced the sale of Elevate Patient Financial Solutions (“Elevate” or the “Company”) to Audax Private Equity and Parthenon Capital. Financial terms of the transaction were not disclosed.
– Elevate, headquartered in Spring, TX, is a leading provider of technology-enabled specialty revenue cycle management (“RCM”) services for hospitals and health systems, with solutions across Eligibility & Enrollment, Complex Claims, Revenue Integrity, and Patient Pay.
From Carve-Out to Market-Leading Platform
Frazier acquired Elevate, formerly known as MedData, in 2019 in partnership with Executive in Residence Jim Brady. Following the acquisition, Frazier recruited Mike...
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