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.