Elevate Patient Financial Solutions - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

Elevate Patient Financial Solutions M&A Summary

Elevate Patient Financial Solutions has acquired 9 companies of its own, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Elevate Patient Financial Solutions’ largest acquisition to date was in 2016, when it acquired Cardon Outreach for $400M. Elevate Patient Financial Solutions has acquired in 6 different US states. The Company’s most targeted sectors include information technology (67%) and business services (12%).

Elevate Patient Financial Solutions Ownership

Who owns Elevate Patient Financial Solutions?

Elevate Patient Financial Solutions is owned by Frazier Healthcare Partners and The Edgewater Funds. It was acquired on October 10, 2019.

Is Elevate Patient Financial Solutions PE-backed?

Yes. Elevate Patient Financial Solutions is owned by private equity investors Frazier Healthcare Partners and The Edgewater Funds.

Was Elevate Patient Financial Solutions formerly PE-backed?

Yes. Elevate Patient Financial Solutions was formerly owned by 1 private investor.

Elevate Patient Financial Solutions Business Overview

Where is Elevate Patient Financial Solutions headquartered?

Elevate Patient Financial Solutions is headquartered in Spring, Texas.

What sector is Elevate Patient Financial Solutions in?

Elevate Patient Financial Solutions is an information technology company.

When was Elevate Patient Financial Solutions founded?

Elevate Patient Financial Solutions was founded in 1980.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Elevate Patient Financial Solutions

Elevate Patient Financial Solutions, Inc.

25700 Interstate 45 North, Suite 300,
Spring, Texas 77386
United States,
(800) 835-7474
www.elevatepfs.com

Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 5 - 1 - 1 2 9
vol $400M $400M
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
NYX Health LLC 2024-11-05 - Add-on Acquisition
Alpharetta, Georgia · www.nyxhealth.com
Professional Medical Services 2024-01-09 - Add-on Acquisition
Fort Worth, Texas · www.p-m-s.com
Revenue Masters LLC 2023-06-30 - Add-on Acquisition
San Diego, California · www.revenuemasters.com
RevClaims LLC 2021-03-15 - Add-on Acquisition
Jackson, Mississippi · www.revclaims.com
Cardon Outreach LLC 2016-06-13 400M USD Add-on Acquisition
The Woodlands, Texas · www.cardonoutreach.com
Duet Health LLC 2016-05-02 - Add-on Acquisition
Columbus, Ohio · www.duethealth.com
Alegis Revenue Group LLC 2015-09-21 - Add-on Acquisition
The Woodlands, Texas · www.alegisrevenue.com
MedDirect, Inc. 2012-01-11 - Add-on Acquisition
Grand Rapids, Michigan · www.meddirect.net
Data Management, Inc. 2011-10-14 - Add-on Acquisition
Brecksville, Ohio · www.dmimd.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 6 (67%) 400M (100%) - -
Business Services 1 (11%) - - -
Healthcare Services 1 (11%) - - -
Software 1 (11%) - - -
Total 9 $400M - -

By Geo

State/Country Buy Value Sell Value
United States 9 400M - -
  Texas 3 400M - -
  Ohio 2 - - -
  Mississippi 1 - - -
  Michigan 1 - - -
  Georgia 1 - - -
  California 1 - - -
Total 9 $400M - -

Deal Values

buy # Total
$100M to $1B 1 $400M
TOTAL $400M
Largest Cardon Outreach LLC
$400M (2016-06-13)

M&A Connections

Deals
Acquired from
Investor(s)
33%
3 (33%)

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