Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare sector, announces the sale of Elevate Patient Financial Solutions (“Elevate” or the “Company”) to Audax Private Equity and Parthenon Capital. Headquartered in Spring, TX, Elevate is a leading provider of technology-enabled specialty revenue cycle management (“RCM”) services for hospitals and health systems, with leading solutions across Eligibility & Enrollment, Complex Claims, Revenue Integrity, and Patient Pay. Frazier acquired Elevate, formerly known as MedData, in 2019 in partnership with Executive in Residence Jim Brady.
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Source: https://www.businesswire.com/news/home/20250804211867/en/Frazier-Healthcare-Partners-Announces-the-Sale-of-Elevate-Patient-Financial-Solutions-to-Audax-Private-Equity-and-Parthenon-Capital