/PRNewswire/ -- 醫療收入週期技術公司 Revenue Masters 的創始人在特拉華州衡平法院提交了一份經過驗證的投訴，尋求獲取 Elevate RCM Holdings LLC 的賬簿和記錄，此前 Frazier Healthcare Partners 和 The Edgewater Funds 報告稱以超過 10 億美元的價格出售了 Elevate 的運營子公司 Elevate Patient Financial Solutions (EPFS)。Axios 還報道，買方為 Audax Private Equity 和 Parthenon Capital，他們作為大規模醫療收入週期管理整合的一部分收購了 EPFS。
根據公開的行業信息，EPFS，前身為 MedData，隨着時間的推移通過收購顯著擴展，包括 Professional Medical Systems 和 NYX Eligibility Services。投訴指出，這些先前的收購在報告的超過 10 億美元交易時，促進了 EPFS 的規模、範圍和估值。
根據訴訟，創始人在 2023 年將 Revenue Masters 出售給 EPFS，並接受了一部分以 Elevate 會員單位形式的補償。在報告的 EPFS 銷售之後，創始人聲稱他們在 2025 年 7 月 31 日 收到了電匯付款，且沒有提前通知，也沒有任何附帶文件解釋他們的股權價值或分配金額是如何計算的。
&#34;在多年傾注我們的心血、汗水和智慧來建立 Revenue Masters 之後，我們要求對我們股權的估值和在這筆報告的十億美元交易中的分配進行完全透明，&#34; Revenue Masters 的聯合創始人 Rick Bengson 説道。
&#34;Elevate 甚至拒絕分享最基本的細節——例如交易的實際銷售價格或簡單的計算，這佔據了我們公司銷售對價的很大一部分——這讓任何人都想知道他們在試圖隱瞞什麼，&#34; 他補充道。
投訴聲稱，儘管多次請求，Elevate 並未提供在重大流動性事件中通常向股東提供的標準交易信息，包括購買價格、交易結構、託管或保留金額、分配水位或用於計算創始人支付的支持性時間表。
在 7 月 31 日的付款之後，投訴聲稱 Elevate 僅提供了一份被描述為 &#34;水位摘要&#34; 的單一 PDF 文檔。根據文件，創始人聘請的法務會計公司得出的結論是，該文檔在沒有額外內部記錄和基礎財務數據的情況下無法解讀。
該訴訟尋求根據 6 Del. C. § 18‑305 檢查 Elevate 的賬簿和記錄，該條款規定了特拉華州有限責任公司成員在適當目的下訪問公司記錄的權利。投訴指出，請求的材料對於確定 7 月的分配是否正確計算以及 Elevate 是否遵守了與報告交易相關的對其成員的義務是必要的。
該案件為 In re Elevate RCM Holdings LLC, Case No. 2025‑1347，已在特拉華州衡平法院提交。截止提交日期，Elevate RCM Holdings LLC 尚未就指控發表公開聲明。
來源 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 的創始人在特拉華州衡平法院提起訴訟，要求對他們在 Elevate Patient Financial Solutions（EPFS）以超過 10 億美元出售後的股權支付進行透明化。他們指控 Elevate RCM Holdings LLC 未能提供與他們在出售後補償相關的必要交易細節和文件。該訴訟旨在獲取 Elevate 的記錄，以核實他們的支付計算並確保遵守成員義務。Elevate 尚未公開回應這些指控

, /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/ -- 醫療收入週期技術公司 Revenue Masters 的創始人在特拉華州衡平法院提交了一份經過驗證的投訴，尋求獲取 Elevate RCM Holdings LLC 的賬簿和記錄，此前 Frazier Healthcare Partners 和 The Edgewater Funds 報告稱以超過 10 億美元的價格出售了 Elevate 的運營子公司 Elevate Patient Financial Solutions (EPFS)。Axios 還報道，買方為 Audax Private Equity 和 Parthenon Capital，他們作為大規模醫療收入週期管理整合的一部分收購了 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">根據公開的行業信息，EPFS，前身為 MedData，隨着時間的推移通過收購顯著擴展，包括 Professional Medical Systems 和 NYX Eligibility Services。投訴指出，這些先前的收購在報告的超過 10 億美元交易時，促進了 EPFS 的規模、範圍和估值。
</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">根據訴訟，創始人在 2023 年將 Revenue Masters 出售給 EPFS，並接受了一部分以 Elevate 會員單位形式的補償。在報告的 EPFS 銷售之後，創始人聲稱他們在 2025 年 7 月 31 日 收到了電匯付款，且沒有提前通知，也沒有任何附帶文件解釋他們的股權價值或分配金額是如何計算的。
</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;在多年傾注我們的心血、汗水和智慧來建立 Revenue Masters 之後，我們要求對我們股權的估值和在這筆報告的十億美元交易中的分配進行完全透明，&#34; Revenue Masters 的聯合創始人 Rick Bengson 説道。
</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 甚至拒絕分享最基本的細節——例如交易的實際銷售價格或簡單的計算，這佔據了我們公司銷售對價的很大一部分——這讓任何人都想知道他們在試圖隱瞞什麼，&#34; 他補充道。
</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">投訴聲稱，儘管多次請求，Elevate 並未提供在重大流動性事件中通常向股東提供的標準交易信息，包括購買價格、交易結構、託管或保留金額、分配水位或用於計算創始人支付的支持性時間表。
</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 日的付款之後，投訴聲稱 Elevate 僅提供了一份被描述為 &#34;水位摘要&#34; 的單一 PDF 文檔。根據文件，創始人聘請的法務會計公司得出的結論是，該文檔在沒有額外內部記錄和基礎財務數據的情況下無法解讀。
</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">該訴訟尋求根據 6 Del. C. § 18‑305 檢查 Elevate 的賬簿和記錄，該條款規定了特拉華州有限責任公司成員在適當目的下訪問公司記錄的權利。投訴指出，請求的材料對於確定 7 月的分配是否正確計算以及 Elevate 是否遵守了與報告交易相關的對其成員的義務是必要的。
</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">該案件為 In re Elevate RCM Holdings LLC, Case No. 2025‑1347，已在特拉華州衡平法院提交。截止提交日期，Elevate RCM Holdings LLC 尚未就指控發表公開聲明。
</div>SOURCE Cohen and Gresser
<div class="lb-trans">來源 Cohen and Gresser
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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 創始人在特拉華州提起訴訟，要求在據報道的 EPFS 出售後對股權支付進行透明化