Knack Global Completes Acquisition of Delta Business Systems, Inc. dba MediSYS
Knack completes its second acquisition since its recapitalization by LKCM Headwater and Weave Growth Partners and plans to accelerate inorganic growth
CORAL SPRINGS, Fla., Jan. 30, 2023 /PRNewswire-PRWeb/ -- Knack Global (Knack), a Florida-based leading provider of Revenue Cycle Management ("RCM") solutions, announces the successful completion of its acquisition of Delta Business Systems, Inc. dba MediSYS ("DBS"), a premier provider of medical billing services, and practice management/electronic medical record software sales and support services to clients in and around Alabama. DBS serves clients in the internal medicine, emergency medicine, pediatrics, ENT, and family practice along with many other specialties. The acquisition will enable Knack to further expand its offerings and expand geographically to the southern United States.
Knack's CEO, Rajiv Sharma said, "Our acquisition of DBS will strengthen Knack's position as a leading provider of RCM services and will give us a strong presence in the southern United States. We are excited to continue growing Knack through organic and inorganic means with support from our investors, LKCM Headwater Investments and Weave Growth Partners."
DBS' owner and President, Nancy Ellis said, "We are pleased to have become a part of Knack, who shares our core values of high-quality of service delivery and customer satisfaction and with whom we are excited to accelerate growth in the Southeast."
The acquisition of DBS marks Knack's 7th add-on investment since inception. CEO ally, Inc., a tech-focused, mid-market M&A advisory firm, acted as the exclusive buy-side advisor to Knack in this transaction.
About Knack Global, LLC:
Knack Global (Knack), established in 2007, is a leading provider of a portfolio of high-quality RCM services that allows healthcare businesses to focus on their core competencies of providing patient care. Knack's portfolio of services spans the entire RCM value chain from Pre-Claim activities to Accounts Resolutions. Powered by best-in-class technology and a global team of more than 2,500 professionals, Knack serves healthcare providers across a broad 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. Knack has delivery centers in New Jersey, Florida, Minnesota, and Texas in the United States, as well as in Mohali, Jaipur, and Hyderabad in India.
To learn more, visit http://www.knackglobal.com
About Delta Business Systems, Inc. dba MediSYS:
Delta Business Systems, Inc. dba MediSYS (DBS), established in 1990 and based out of Birmingham, AL, provides an array of medical billing services and practice management/electronic health records software sales and support services in the southern United States. DBS provides training and support for MediSYS Practice Management software and medical billing using MediSYS software or the client's existing software. The Company offers a seamless flow of revenue from patient to provider, resulting in fewer delays, fewer denied claims, and fewer dissatisfied patients.
To learn more, visit https://medisysinc.com
About CEO ally, Inc.:
CEO ally, Inc. (CEO ally) is a boutique M&A advisory firm headquartered in Pittsburgh, Pennsylvania which focuses on small and mid-market transactions in the fields of software, IT services, engineering design services and BPO. Founded in 2006, CEO ally executes transactions that span the US, Canada, Western Europe, Latin America and India and has completed more than 50 transactions.
To learn more, visit http://www.ceoally.com/
Media Contact
Jay Joshi, CEO ally, Inc., 1 3106149606, [email protected]
SOURCE Knack Global
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