Latham & Watkins Advises on Carlyle’s Acquisition of Knack RCM and EqualizeRCM

Global investment firm Carlyle (Nasdaq: CG) has announced it has acquired a majority stake in Knack RCM and EqualizeRCM, two leading US healthcare revenue cycle management (RCM) providers, to create an AI-native, global, multi-specialty RCM platform. Equity for the investment will come from investment funds affiliated with Carlyle Asia Partners VI and Carlyle Asia Partners Growth II. 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.

Latham & Watkins LLP represented Carlyle and Knack RCM in the transaction with a corporate deal team led by Chicago partner Shaun Hartley, Hong Kong partner Simon Cooke, and Washington, D.C. partner Mariclaire Petty Brewer. Advice was also provided on ex-US finance matters by Hong Kong partner Andrew Bishop and Hong Kong counsel Lynsey Edgar; on US finance matters by Washington, D.C. partner Katherine Putnam; on tax matters by New York partner David Raab; and on employment matters by Washington, D.C. partners David Della Rocca and Nikhil Kumar.