IPO
Carlyle initiates IPO process for India-focused healthcare RCM unit
Carlyle Group has initiated the search for investment banks to advise on an upcoming initial public offering (IPO) of its healthcare revenue cycle management business in India. The private equity firm is currently holding presentations with potential advisors. Specific details regarding the valuation and the size of the share sale have not yet been determined.The business in question was formed through the merger of two entities, Knack RCM and EqualizeRCM , which Carlyle acquired last month. Knack RCM, headquartered in Woodbridge, NJ (USA), provides revenue cycle management services and employs more than 8,000 people across 10 delivery centers located in India, the Philippines, and the USA. The company supports a diverse range of healthcare clients by managing clinical, financial, and technology functions.
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