Carlyle, a prominent global investment firm, has announced its acquisition of a majority stake in Knack RCM and EqualizeRCM, two leading providers of healthcare revenue cycle management (RCM) in the United States. The terms of the transaction were not disclosed. This strategic move aims to create an AI-native, global, multi-specialty RCM platform that enhances operational scale and improves client outcomes across various healthcare sectors. Knack RCM, founded by Rajiv Sharma, and EqualizeRCM, founded by Nagi Rao, will continue to contribute their expertise to the platform through reinvestment. Together, they serve physician groups, durable medical equipment providers, rural hospitals, and other specialty segments, bringing deep, specialty-specific knowledge to the table. The combined platform is expected to leverage advanced AI capabilities to improve operational efficiency and client outcomes. Carlyle's partner, Kapil Modi, noted the rapid growth of the U.S. healthcare revenue cycle market, driven by factors such as margin compression and workforce shortages. This investment aligns with Carlyle's strategy of scaling RCM platforms to achieve market leadership and addresses the growing needs in healthcare RCM. The partnership aims to integrate advisory expertise with advanced analytics to provide tailored solutions for healthcare providers, particularly in rural areas and behavioral health sectors. Carlyle plans to further expand this platform by pursuing additional synergistic opportunities within the RCM industry.