Knack Global Ltd.
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Knack Global Ltd. - overview
Established
2007
Location
Woodbridge, NJ, US
Primary Industry
Outsourcing
About
Based in New Jersey, US, and founded in 2007 by its CEO Rajiv Sharma, Knack Global Ltd. operates as a provider of Revenue Cycle Management solutions that allows healthcare businesses to focus on providing patient care. In February 2022, LKCM Headwater Investments and Weave Growth Partners acquired a majority stake in Knack Global Ltd through a recapitalization deal. As of April 2022, the company has a team of more than 2,000 professionals.
Knack Global Ltd. serves healthcare providers a range of categories and specialties including physician groups, durable medical equipment suppliers, optometry and ophthalmology practices, surgical and ambulatory care centers and hospitals, and health systems. The company offers Knack billing Solutions that have various tools like Charges vs Payment, Yearly Summary, Dental Summary, and AR Summary; Work Flow Management, an informative dashboard with analysis that enables to track, monitor, and manage the entire workflow system; STATCred is a web-based credentialing system that works with all payors and can be utilized across the 50 states in the USA. The investment from February 2022, enables the company to strengthen its direct sales capability and develop current and new verticals through strategic acquisitions that will bolster its position in the revenue cycle management industry.
Current Investors
LKCM Headwater Investments, Weave Growth Partners
Primary Industry
Outsourcing
Sub Industries
Outsourcing, Healthcare IT, Systems Management Software, Accounting/Finance Software
Website
www.knackglobal.com
Verticals
HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Knack Global Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Announced | Knack Global Ltd. | - | ||||||||
| Add-on | Completed | PPM Partners | - | ||||||||
| Add-on | Completed | HealthyBOS, LLC | - | ||||||||
| Add-on | Completed | Merrick Management, Inc. | - | ||||||||
| Add-on | Completed | The Faculty Practice Service, Inc. | - |
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