Knack Global Completes the Acquisition of STAT MedCare Solutions

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Knack Global announced today the successful completion of its acquisition of STAT MedCare Solutions, LLC, a national credentialing company

We believe our clients will clearly derive benefit from the differentiation that Knack has created from its competition." - Rajiv Sharma, President and Founder, Knack Global

Knack Global, LLC (Knack), a NJ based Healthcare Revenue Cycle Management (RCM) company, announced today the successful completion of its acquisition of STAT MedCare Solutions, LLC (STAT MedCare), a company providing credentialing, payor enrollment, medical licensing and rate negotiation services nationally. STAT MedCare serves all medical and behavioral specialties and subspecialties, and works across all 50 states. With the acquisition of STAT MedCare, Knack will be able to offer its clients a one-stop shop for all their credentialing, provider enrollment, rate negotiation, medical licensing, and revenue cycle management needs.

Rajiv Sharma, President and Founder of Knack Global said, “We are aware that our clients were seeking the addition of credentialing and rate negotiation capabilities to our suite of offerings, and this acquisition positions Knack very well as a provider of end-to-end services for our clients’ business needs. We believe our clients will clearly derive benefit from the differentiation that Knack has created from its competition.”

Cynthia Young, CEO and Founder of STAT MedCare Solutions, LLC said, “With this acquisition, STAT Medcare will be in a position to service more clients, provide more of the services and solutions that our clients have been requesting, including immediate access to revenue cycle management, all within one company. We are thrilled about this new partnership and look forward to working with Knack and growing our business together.”

CEO ally, Inc., a tech-focused, mid-market M&A advisory firm, acted as the exclusive buy-side advisor to Knack in this acquisition.

About Knack Global, LLC:
Knack Global, LLC (Knack), founded in 2007 is a leading healthcare company, with interests in RCM services, Healthcare IT & software support services, and is ISO 9001:2008 certified. Headquartered in New Jersey, USA, Knack has delivery centers in India (Mumbai, Hyderabad and Mohali). Knack’s comprehensive range of Healthcare services enables customers to cross new thresholds of business performance. Since inception, Knack has been focused on a single mission; helping clients maximize competitive advantage by driving productivity and efficiency with flawless execution and measurable results. For more information, please visit: http://www.knackglobal.com.

About STAT MedCare Solutions, LLC:
STAT MedCare Solutions, LLC (STAT MedCare), was founded in 2003 and is one of the top leading provider enrollment, credentialing and rate negotiation service companies in the industry. Headquartered in Florida, USA, STAT MedCare has been delivering a wide array of services to providers, groups, and facilities across the USA for almost two decades. STAT MedCare’s mission has always been to deliver services with a white glove approach, becoming a direct extension to clients’ practices which enables them to focus on patient care. For more information, please visit: http://www.statmedcaresolutions.com.

About CEO ally, Inc.:
CEO ally, Inc. (CEO ally) is a boutique M&A advisory firm headquartered in Pittsburgh, PA, USA which focuses on small and mid-market transactions in the fields of software, IT services, engineering design services and BPO. CEO ally, Inc. CEO ally, founded in 2006, executes transactions that span the US, Canada, Western Europe, Latin America and India. For more information, please visit: http://www.ceoally.com.

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Laurie Zabel
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