M&A Deal Summary

Elevate Patient Financial Solutions Acquires RevClaims

On March 15, 2021, Elevate Patient Financial Solutions acquired information technology company RevClaims

Acquisition Highlights
  • This is Elevate Patient Financial Solutions’ 4th transaction in the Information Technology sector.
  • This is Elevate Patient Financial Solutions’ 6th transaction in the United States.
  • This is Elevate Patient Financial Solutions’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2021-03-15
Target RevClaims
Sector Information Technology
Buyer(s) Elevate Patient Financial Solutions
Deal Type Add-on Acquisition

Target

RevClaims

Jackson, Mississippi, United States
RevClaims is a provider of complex claims revenue cycle management services. RevClaims service includes the processing and collection of third-party liability, workers compensation, and Veteran’s Administration claims balances on behalf of healthcare providers. RevClaims was founded in 2012 and is based in Jackson, Mississippi.

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Buyer(S) 1

Buyer

Elevate Patient Financial Solutions

Spring, Texas, United States
Category Company
Founded 1980
Sector Information Technology
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 9
Sector (Information Technology) 4 of 6
Type (Add-on Acquisition) 6 of 9
State (Mississippi) 1 of 1
Country (United States) 6 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Cardon Outreach

The Woodlands, Texas, United States

Cardon Outreach LLC is a provider of third party eligibility and other revenue cycle management services for hospitals.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Revenue Masters

San Diego, California, United States

Revenue Masters is a technology-focused provider of RCM solutions to health systems, hospitals, and healthcare companies. Their service offerings include several pure SaaS and technology-enabled services that enable customers to maximize revenue and ensure compliance with pricing and cost transparency regulations. Revenue Masters is based in San Diego, California.

Buy -
Mergr

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Company

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