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Elevate Patient Financial Solutions

Spring, Texas, United Stateselevatepfs.com/2expert edges

Elevate Patient Financial Solutions (ElevatePFS) is a nationwide revenue cycle management provider serving hospitals and health systems, spanning front-end Medicaid eligibility and disability enrollment through back-end complex claims, denials management, self-pay and extended business office services. Founded in 1980, it serves more than 2,500 client facilities and was acquired by Audax Private Equity and Parthenon Capital on July 31, 2025.

Why interesting to a deal team

Audax and Parthenon jointly closed Elevate in July 2025; Abramson led the Audax side and Killeen sits on the board. Both give current, first-hand operator insight into healthcare RCM roll-ups and the eligibility/enrollment adjacency Elevate is actively buying into.

Experts connected to this company

DK

Dan Killeen

Partner

Parthenon Capital

Fund GPBoston

Parthenon's healthcare partner and a buyer behind Elevate PFS; seven payer- and provider-services board seats make him a live read on RCM valuations and add-on appetite.

AA

Adam Abramson

Partner

Audax Private Equity

Fund GPBoston

Audax's healthcare partner since 2000; he underwrote Elevate PFS in revenue cycle and exited urology and ABA platforms, giving live pattern recognition on healthcare buy-and-build.

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