Carlyle acquires healthcare RCM co. Equalize; merge it with Knack
Investor Disclosure Economic Times Equalize
Carlyle Group has acquired a majority stake in India- and US-based healthcare revenue cycle management (RCM) provider Equalize . Equalize , is to be merged with Knack, another India- and US-based healthcare RCM that Carlyle had acquired in August 2025 for about USD 500 million.Equalize RCM provides delivery capabilities in the US and India, alongside a proprietary payer enrolment platform and AI-driven tools for denial prediction and avoidance. Carlyle has appointed Gautam Barai, formerly chief operating officer at WNS, to lead the new platform, with plans for a public listing this fiscal year. Carlyle intends to build on this platform strategy by pursuing additional opportunities in the RCM industry and integrating complementary assets.
In Nov-17, Carlyle purchased a significant majority stake in Chennai-based Visionary Revenue Cycle Management for USD 65 million from the company's promoters and venture capital investors .
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