DECO Recovery Management

Private | Sale | Elevate Patient Financial Solutions

Provider of a full suite of eligibility management services to hospitals across the Mid-Atlantic and Southeastern regions of the U.S

Case

Delancey Street Partners is pleased to announce that DECO Recovery Management, LLC (“DECO” or the “Company”) has been acquired by Elevate Patient Financial Solutions (“ElevatePFS”), a portfolio company of Frazier Healthcare Partners and The Edgewater Funds. Delancey Street Partners served as exclusive financial advisor to DECO, managed a competitive process and negotiated the terms of the transaction.

June 2021
DECO Recovery Management, LLC
Sale to Elevate Patient Financial Solutions, a portfolio company of Frazier Healthcare Partners and The Edgewater Funds
Sector: Healthcare
Delancey Street Partners served as the exclusive financial advisor to DECO Recovery Management, LLC

Delancey Street Partners is pleased to announce that DECO Recovery Management, LLC (“DECO” or the “Company”) has been acquired by Elevate Patient Financial Solutions (“ElevatePFS”), a portfolio company of Frazier Healthcare Partners and The Edgewater Funds. Delancey Street Partners served as exclusive financial advisor to DECO, managed a competitive process and negotiated the terms of the transaction.

About

June 2021
DECO Recovery Management, LLC
Sale to Elevate Patient Financial Solutions, a portfolio company of Frazier Healthcare Partners and The Edgewater Funds
Sector: Healthcare
Delancey Street Partners served as the exclusive financial advisor to DECO Recovery Management, LLC

Situation

DECO offers a full suite of eligibility management services to hospitals across the Mid-Atlantic and Southeastern regions of the U.S. Founded in 1993 and headquartered in Landover, MD, the Company focuses on an empathetic patient-advocacy approach to eligibility services and provides hospitals with a targeted revenue solution.

DECO’s mission is to maximize reimbursement to its hospital clients by leveraging innovative technology, efficient processes and compassionate patient advocates to streamline revenue reimbursement and improve patient satisfaction. The Company’s eligibility services include Medicaid and various federal, state and local programs, such as Social Security and Disability (SSI / SSDI), Children’s Health Insurance Program (CHIP), Crime Victims Compensation and others.

ElevatePFS delivers revenue cycle management solutions to hospitals and health systems nationwide. ElevatePFS provides best-in-class services and innovative, specialized technology to address the most complex challenges of the revenue cycle. A trusted partner for more than 40 years, ElevatePFS provides unmatched industry experience, service-specific expertise and a commitment to continuous improvement, excellence and results for clients. With in-depth, state-specific knowledge and a coast-to-coast presence, ElevatePFS offers exceptional performance and an outstanding client experience in Eligibility & Enrollment, Self-Pay, Complex Claims and Accounts Receivable Services.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders, and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising, and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Business & Technology Services, Healthcare, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

For additional information about this transaction, please contact:

Patrick E. Dolan

Managing Director Phone: (484) 533 – 6311

Patrick E. Dolan

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Steven D. Higgins

Managing Director Phone: (484) 533 – 6308

Steven D. Higgins

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