Carlyle Group Acquires Healthcare Revenue Cycle Management Firms Knack and EqualizeRCM

Carlyle Group Acquires Majority Stake in Knack RCM and EqualizeRCM

The Carlyle Group Inc. announced on Monday that it has acquired a majority stake in healthcare revenue cycle management firms Knack RCM and EqualizeRCM. The terms of the deal were not disclosed.

Key Players in the Deal The acquisition will see Rajiv Sharma, founder of Knack, and Nagi Rao, co-founder of EqualizeRCM, reinvest some of their proceeds in the newly created RCM platform. This move is expected to help Carlyle expand its reach, strengthen leadership, and accelerate its artificial intelligence capabilities.

Industry Expertise Knack and EqualizeRCM specialize in serving physician groups, durable medical equipment providers, rural hospitals, and other specialty segments. The deal is expected to enable Carlyle to deliver more robust and tailored solutions to its clients by integrating its advisory expertise with the advanced analytics and global operations of Knack and EqualizeRCM.

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Strategic Benefits The acquisition will allow Carlyle to tackle complex revenue cycle management tasks, including rural cost reports, durable medical equipment intake, and challenging anesthesia cases. Knack Chief Executive Officer Gautam Barai noted that the agreement will help the companies address these complex issues.

Future Plans Carlyle has expressed its intention to pursue further opportunities in the revenue cycle management industry, building on the strategic benefits of this acquisition.