/PRNewswire/ -- 医疗收入周期技术公司 Revenue Masters 的创始人在特拉华州衡平法院提交了一份经过验证的投诉，寻求获取 Elevate RCM Holdings LLC 的账簿和记录，此前 Frazier Healthcare Partners 和 The Edgewater Funds 报告称以超过 10 亿美元的价格出售了 Elevate 的运营子公司 Elevate Patient Financial Solutions (EPFS)。Axios 还报道，买方为 Audax Private Equity 和 Parthenon Capital，他们作为大规模医疗收入周期管理整合的一部分收购了 EPFS。
根据公开的行业信息，EPFS，前身为 MedData，随着时间的推移通过收购显著扩展，包括 Professional Medical Systems 和 NYX Eligibility Services。投诉指出，这些先前的收购在报告的超过 10 亿美元交易时，促进了 EPFS 的规模、范围和估值。
根据诉讼，创始人在 2023 年将 Revenue Masters 出售给 EPFS，并接受了一部分以 Elevate 会员单位形式的补偿。在报告的 EPFS 销售之后，创始人声称他们在 2025 年 7 月 31 日 收到了电汇付款，且没有提前通知，也没有任何附带文件解释他们的股权价值或分配金额是如何计算的。
&#34;在多年倾注我们的心血、汗水和智慧来建立 Revenue Masters 之后，我们要求对我们股权的估值和在这笔报告的十亿美元交易中的分配进行完全透明，&#34; Revenue Masters 的联合创始人 Rick Bengson 说道。
&#34;Elevate 甚至拒绝分享最基本的细节——例如交易的实际销售价格或简单的计算，这占据了我们公司销售对价的很大一部分——这让任何人都想知道他们在试图隐瞒什么，&#34; 他补充道。
投诉声称，尽管多次请求，Elevate 并未提供在重大流动性事件中通常向股东提供的标准交易信息，包括购买价格、交易结构、托管或保留金额、分配水位或用于计算创始人支付的支持性时间表。
在 7 月 31 日的付款之后，投诉声称 Elevate 仅提供了一份被描述为 &#34;水位摘要&#34; 的单一 PDF 文档。根据文件，创始人聘请的法务会计公司得出的结论是，该文档在没有额外内部记录和基础财务数据的情况下无法解读。
该诉讼寻求根据 6 Del. C. § 18‑305 检查 Elevate 的账簿和记录，该条款规定了特拉华州有限责任公司成员在适当目的下访问公司记录的权利。投诉指出，请求的材料对于确定 7 月的分配是否正确计算以及 Elevate 是否遵守了与报告交易相关的对其成员的义务是必要的。
该案件为 In re Elevate RCM Holdings LLC, Case No. 2025‑1347，已在特拉华州衡平法院提交。截止提交日期，Elevate RCM Holdings LLC 尚未就指控发表公开声明。
来源 Cohen and Gresser
<img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjA5Jk5ld3NJdGVtSWQ9Tlk3ODE1NiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDkxNTQyUFJfTkVXU19VU1BSX19fX19OWTc4MTU2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjA5Jk5ld3NJdGVtSWQ9Tlk3ODE1NiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDkxNTQyUFJfTkVXU19VU1BSX19fX19OWTc4MTU2"/>

Revenue Masters 的创始人在特拉华州衡平法院提起诉讼，要求对他们在 Elevate Patient Financial Solutions（EPFS）以超过 10 亿美元出售后的股权支付进行透明化。他们指控 Elevate RCM Holdings LLC 未能提供与他们在出售后补偿相关的必要交易细节和文件。该诉讼旨在获取 Elevate 的记录，以核实他们的支付计算并确保遵守成员义务。Elevate 尚未公开回应这些指控

, /PRNewswire/ -- The founders of the healthcare revenue‑cycle technology company Revenue Masters have filed a verified complaint in the Delaware Court of Chancery seeking access to books and records from Elevate RCM Holdings LLC following the reported sale of Elevate's operating subsidiary, Elevate Patient Financial Solutions (EPFS), by Frazier Healthcare Partners and The Edgewater Funds for over $1 billion, as reported by Axios. Axios also reported that the buyers were Audax Private Equity and Parthenon Capital, which acquired EPFS as part of a large‑scale healthcare revenue‑cycle management consolidation.
<div class="lb-trans">/PRNewswire/ -- 医疗收入周期技术公司 Revenue Masters 的创始人在特拉华州衡平法院提交了一份经过验证的投诉，寻求获取 Elevate RCM Holdings LLC 的账簿和记录，此前 Frazier Healthcare Partners 和 The Edgewater Funds 报告称以超过 10 亿美元的价格出售了 Elevate 的运营子公司 Elevate Patient Financial Solutions (EPFS)。Axios 还报道，买方为 Audax Private Equity 和 Parthenon Capital，他们作为大规模医疗收入周期管理整合的一部分收购了 EPFS。
</div>EPFS, formerly known as MedData, has expanded significantly over time through acquisitions, including Professional Medical Systems and NYX Eligibility Services, according to publicly available industry information. The complaint states that these prior acquisitions contributed to EPFS's size, scope, and valuation at the time of the reported 1B+ dollar transaction.
<div class="lb-trans">根据公开的行业信息，EPFS，前身为 MedData，随着时间的推移通过收购显著扩展，包括 Professional Medical Systems 和 NYX Eligibility Services。投诉指出，这些先前的收购在报告的超过 10 亿美元交易时，促进了 EPFS 的规模、范围和估值。
</div>According to the lawsuit, the founders sold Revenue Masters to EPFS in 2023 and accepted a portion of their compensation in the form of Elevate membership units. Following the reported EPFS sale, the founders allege they received a wire payment on July 31, 2025, without advance notice and without any accompanying documentation explaining how the value of their equity or their distribution amount had been calculated.
<div class="lb-trans">根据诉讼，创始人在 2023 年将 Revenue Masters 出售给 EPFS，并接受了一部分以 Elevate 会员单位形式的补偿。在报告的 EPFS 销售之后，创始人声称他们在 2025 年 7 月 31 日 收到了电汇付款，且没有提前通知，也没有任何附带文件解释他们的股权价值或分配金额是如何计算的。
</div>&#34;After years of pouring our blood, sweat, and ingenuity into building Revenue Masters, we are demanding the full transparency we deserve on how our equity was valued and distributed in this reported billion-dollar sale,&#34; said Rick Bengson, co‑founder of Revenue Masters.
<div class="lb-trans">&#34;在多年倾注我们的心血、汗水和智慧来建立 Revenue Masters 之后，我们要求对我们股权的估值和在这笔报告的十亿美元交易中的分配进行完全透明，&#34; Revenue Masters 的联合创始人 Rick Bengson 说道。
</div>&#34;Elevate's outright refusal to share even the most basic details—like the actual sales price of the transaction or a simple calculation for what amounted to a large percentage of our company's sale consideration—would make anyone wonder what they're trying to hide,&#34; he added.
<div class="lb-trans">&#34;Elevate 甚至拒绝分享最基本的细节——例如交易的实际销售价格或简单的计算，这占据了我们公司销售对价的很大一部分——这让任何人都想知道他们在试图隐瞒什么，&#34; 他补充道。
</div>The complaint asserts that despite repeated requests, Elevate did not provide standard transaction information typically made available to equity holders in a major liquidity event, including the purchase price, transaction structure, escrow or holdback amounts, distribution waterfall, or supporting schedules used to calculate the founders' payout.
<div class="lb-trans">投诉声称，尽管多次请求，Elevate 并未提供在重大流动性事件中通常向股东提供的标准交易信息，包括购买价格、交易结构、托管或保留金额、分配水位或用于计算创始人支付的支持性时间表。
</div>Following the July 31 payment, the complaint alleges that Elevate provided only a single PDF document described as a &#34;waterfall summary.&#34; According to the filing, a forensic accounting firm retained by the founders concluded that the document was impossible to interpret without additional internal records and underlying financial data.
<div class="lb-trans">在 7 月 31 日的付款之后，投诉声称 Elevate 仅提供了一份被描述为 &#34;水位摘要&#34; 的单一 PDF 文档。根据文件，创始人聘请的法务会计公司得出的结论是，该文档在没有额外内部记录和基础财务数据的情况下无法解读。
</div>The action seeks inspection of Elevate's books and records under 6 Del. C. § 18‑305, which governs the rights of members of a Delaware limited liability company to access company records for a proper purpose. The complaint states that the requested materials are necessary to determine whether the July distribution was properly calculated and whether Elevate complied with its obligations to its members in connection with the reported transaction.
<div class="lb-trans">该诉讼寻求根据 6 Del. C. § 18‑305 检查 Elevate 的账簿和记录，该条款规定了特拉华州有限责任公司成员在适当目的下访问公司记录的权利。投诉指出，请求的材料对于确定 7 月的分配是否正确计算以及 Elevate 是否遵守了与报告交易相关的对其成员的义务是必要的。
</div>The case is In re Elevate RCM Holdings LLC, Case No. 2025‑1347, filed in the Delaware Court of Chancery. As of the date of filing, Elevate RCM Holdings LLC has not issued a public statement responding to the allegations.
<div class="lb-trans">该案件为 In re Elevate RCM Holdings LLC, Case No. 2025‑1347，已在特拉华州衡平法院提交。截止提交日期，Elevate RCM Holdings LLC 尚未就指控发表公开声明。
</div>SOURCE Cohen and Gresser
<div class="lb-trans">来源 Cohen and Gresser
</div><img src="https://imageproxy.pbkrs.com/https://rt.prnewswire.com/rt.gif/query-RGF0ZUlkPTIwMjYwMjA5Jk5ld3NJdGVtSWQ9Tlk3ODE1NiZUcmFuc21pc3Npb25fSWQ9MjAyNjAyMDkxNTQyUFJfTkVXU19VU1BSX19fX19OWTc4MTU2" alt="" original-src="https://rt.prnewswire.com/rt.gif?NewsItemId=NY78156&amp;Transmission_Id=202602091542PR_NEWS_USPR_____NY78156&amp;DateId=20260209"/>

15:42 ETCohen & Gresser Files Delaware Action on Behalf of Former Revenue Masters Founders File Delaware Action Seeking Transparency on Equity Payout Following Reported EPFS Sale

Cohen & Gresser 代表前 Revenue Masters 创始人在特拉华州提起诉讼，要求在据报道的 EPFS 出售后对股权支付进行透明化