The Private Equity team guided Frazier Healthcare Partners on the sale of Elevate Patient Financial Solutions to Audax Private Equity and Parthenon Capital. Headquartered in Spring, TX, Elevate is a leading provider of technology-enabled specialty revenue cycle management services for hospitals and health systems, with leading solutions across Eligibility & Enrollment, Complex Claims, Revenue Integrity, and Patient Pay.
Founded in 1991, Frazier Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. Since its inception, Frazier has raised over $11 billion of capital for private funds and co-investment opportunities and has invested in more than 200 companies over 33 years. Frazier has a philosophy of partnering with strong management teams while leveraging its internal operating resources and network to build exceptional companies. Frazier is headquartered in Seattle, WA, with an office in New York City, and invests broadly across the U.S., Canada, and Europe.
The deal team was led by Jared Spitalnick, Michael Miller, Matthew Giannascoli and Dan Marks.
For more information on the deal, please read the press release.