LKCM Headwater and Weave Growth Partners Recapitalize Knack Global

Knack Global Acquires Merrick Management, Inc.

August 8, 2024

Healthcare Services

Knack Global, a tech-enabled provider of revenue cycle management (RCM) solutions, has acquired Merrick Management, Inc., a Lexington, Kentucky-based anesthesia-focused RCM and practice management firm. The deal expands Knack's specialty RCM capabilities into the anesthesia market and will fold Merrick's leadership into a new Anesthesia Services division while Knack continues to grow alongside investment partner LKCM Headwater.

Knack Global Acquires The Billing Center

March 21, 2022

Healthcare Services

Knack Global, a Florida-based provider of revenue cycle management (RCM) services, has acquired The Billing Center, a Charleston, West Virginia-based medical billing firm that serves durable medical equipment (DME) suppliers. The deal — completed with support from investors LKCM Headwater Investments and Weave Growth Partners — expands Knack's RCM capabilities in the DME market as an add-on to its platform.

Knack RCM Acquires HealthyBOS

January 16, 2025

Healthcare Services

Knack RCM has acquired HealthyBOS, a U.S. and Philippines-based revenue cycle management (RCM) provider, to expand its Philippines fulfillment capacity and deepen expertise in the durable medical equipment (DME) RCM market. The deal increases Knack's in-country Philippines team substantially (from ~200 to ~1,500) and will keep HealthyBOS CEO Tammy Bishop in a leadership role; LKCM Headwater Investments is Knack's financial partner and Greenberg Advisors served as financial advisor.

Knack RCM Acquires PPM Partners

March 11, 2025

Healthcare Services

Knack RCM has acquired PPM Partners, a Montgomery, Alabama-based revenue cycle management (RCM) firm founded in 1991 that specializes in anesthesia billing and practice management. The deal expands Knack's anesthesia services footprint and brings PPM's management team into Knack's Anesthesia Services division; Knack completed the transaction with financial partner LKCM Headwater Investments.

RLJ Equity Partners and Cave Creek Capital Recapitalize Growers House Holdings

April 9, 2021

Agriculture

RLJ Equity Partners and Cave Creek Capital Management completed a growth recapitalization of Growers House Holdings LLC, a digitally native, omni-channel hydroponic equipment and supplies retailer based in Tucson, Arizona. The recapitalization retains founder management and provides capital to accelerate omni-channel growth, expand retail footprint (including a second Arizona store and international e-commerce), and develop proprietary content and product R&D.

Redwood Capital Investments and McCarthy Capital Recapitalize LCS

January 3, 2022

Healthcare Services

Life Care Services (LCS) completed a planned recapitalization that brings Redwood Capital Investments in as a new capital partner while renewing ownership commitments from McCarthy Capital and LCS employee shareholders. The undisclosed transaction provides evergreen capital to support LCS's long-term strategic plan to grow real estate ownership, strengthen infrastructure and third-party management capabilities, and invest in its workforce and growth initiatives.