Carlyle Acquires Healthcare RCM Providers Knack and EqualizeRCM

Carlyle Group Inc. has acquired a majority stake in healthcare revenue cycle management firms Knack RCM and EqualizeRCM, it said in a statement Monday, without disclosing terms.

Knack founder Rajiv Sharma and EqualizeRCM’s Nagi Rao will reinvest some of their proceeds to be part of a newly created RCM platform, Carlyle said. The deal should help the group to broaden its reach, strengthen leadership and accelerate artificial intelligence capabilities, Carlyle said.

Knack and Equalize serve physician groups, durable medical equipment providers, rural hospitals and other specialty segments, according to the statement.

“Partnering with Knack enables us to integrate our advisory ...