Global investment firm Carlyle has acquired a majority stake in revenue cycle management companies Knack RCM and EqualizeRCM.
Knack and Equalize are complementary RCM providers serving rural hospitals, physician groups, durable medical equipment providers and other specialty provider segments, according to a May 4 Carlyle news release.
The combined platform will “enhance operational scale and diversification, broaden the delivery footprint, strengthen leadership depth and help accelerate AI capabilities to enhance outcomes for clients,” according to the release.
“Carlyle has significant experience in scaling RCM platforms to achieve market leadership and we believe Knack and Equalize stand out as leaders with their AI-native, specialty‑focused and outcomes‑driven approach, which aligns well with the growing needs and demand in healthcare RCM,” Kapil Modi, partner at Carlyle India Advisors, said in the release.
Rajiv Sharma, founder of Knack RCM, and Nagi Rao, founder of EqualizeRCM, will remain invested in the platform through a reinvestment of a portion of their proceeds, according to the release.
Terms of the transaction were not disclosed.
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