The Carlyle Group announced that it has signed an agreement to acquire a significant majority stake in Knack Global.
Established in 2007, Knack Global is a comprehensive solution provider for revenue cycle management, technological and staffing solutions for healthcare providers. The company employs more than 3,800 healthcare experts with offices in India and the United States.
The Carlyle Group is one of the world’s largest private equity firms. It manages more than $465 billion of assets under management, as of June 30, 2025. Carlyle employs more than 2,200 people in 29 offices across four continents.
Knack’s current private equity underwriter owner is LKCM Headwater Investment, so Carlyle’s stake will likely displace some or all of LKCM’s shares, according to an August 18 press release.
According to data captured in the LevinPro HC database, this transaction represents the 197th eHealth acquisition of 2025, and 39th in the RCM specialty. RCM is the most active eHealth specialty of the year, making up approximately 20% of all eHealth deals announced since January. There were 36 RCM transactions announced in 2024, and 55 announced in 2023.
