Financial services startup Prosperity Behavioral Health acquired revenue-cycle management company Elevated Billing, according to a news release.
The deal bolsters Prosperity's service offerings and expands its footprint into markets including Utah and Idaho.
Prosperity entered a new phase of growth in 2022 with investment from private equity firm NewSpring Capital. The investment was to help expand services and achieve sustainable, long-term growth.
Prosperity doubled in size in 2019 when it acquired Vertex Healthcare Services, according to the news release.
Terms of the Elevated Billing acquisition were not disclosed.