- Knack RCM acquired PPM Partners, a leading RCM provider with deep expertise in the anesthesia sector; founded in 1991 with offices in Montgomery, Alabama, PPM provides complete anesthesia billing and practice-management services.
- The acquisition follows Knack RCM’s recent acquisition of Merrick Management, Inc., positioning the company as a premier partner for anesthesia practices nationwide.
- PPM Partners’ management team will remain actively involved in Knack’s Anesthesia Services division, bringing more than two decades of industry experience.
- Greenberg Advisors served as exclusive financial advisor to Knack RCM and its partner LKCM Headwater Investments; Brentwood Capital Advisors advised PPM Partners.
- Announced March 11, 2025 from Woodbridge, New Jersey.
Woodbridge, New Jersey — March 11, 2025 — Knack RCM, a leader in tech-enabled, end-to-end, and customizable revenue cycle management (RCM) services, announced the acquisition of PPM Partners, a leading RCM provider with deep expertise in the anesthesia sector. Founded in 1991, with offices in Montgomery, Alabama, PPM Partners provides complete anesthesia billing and practice management services.
The acquisition underscores Knack RCM’s commitment to strategic growth, further solidifying its position as a specialized RCM services partner to independent and multispecialty physicians, eye care providers, anesthesia practices, DME/HME suppliers, and ambulatory surgery centers (ASCs).
This acquisition follows Knack RCM’s recent acquisition of Merrick Management, Inc., a respected provider of comprehensive RCM services to anesthesia providers across the Southeast. With both PPM and Merrick now a part of Knack RCM, the company is positioned as a premier partner for anesthesia practices nationwide.
PPM Partners’ management team will remain actively involved in Knack’s Anesthesia Services division. With more than two decades of industry experience, these leaders bring deep knowledge and expertise to further enhance Knack RCM’s service offerings.
Greenberg Advisors, LLC served as the exclusive financial advisor to Knack RCM and its financial partner, LKCM Headwater Investments, and Brentwood Capital Advisors LLC served as the exclusive financial advisor to PPM Partners.
Bringing PPM Partners under the Knack RCM umbrella represents a pivotal step in our mission to provide comprehensive, scalable revenue cycle solutions. By combining PPM’s specialized expertise with our existing anesthesia services footprint, we are further strengthening our ability to optimize revenue cycle performance for anesthesia practices while maintaining the exceptional service and client-focused approach that define both our organizations.Arvind Ramakrishnan, CEO, Knack RCM
We are excited to join Knack RCM and leverage their technology, scale, and operational excellence to drive even greater efficiencies for anesthesia practices nationwide. Knack’s commitment to innovation and client success aligns perfectly with our values, and we look forward to delivering even greater value to our clients as part of this new chapter.Dean Azar, President and CEO, PPM Partners
About
Knack RCM
Knack RCM empowers leading healthcare delivery organizations with end-to-end revenue cycle services that generate efficiencies, accelerate payments, and deliver operational insights, freeing caregivers to focus on high-quality patient care. Led by a seasoned executive team and trusted by industry-leading organizations, Knack combines innovative technology, process automation, and a deep global bench of dedicated healthcare experts to create a customized approach to driving financial performance, developed over two decades of serving physician groups, durable medical equipment suppliers, and surgical and ambulatory care centers.
PPM Partners
Founded in 1991 and based in Montgomery, Alabama, PPM Partners is a leading revenue cycle management provider with deep expertise in the anesthesia sector, offering complete anesthesia billing and practice management services to anesthesia practices.
Media contact
For media inquiries about this announcement, contact Knack RCM here.
Frequently asked questions
Who is PPM Partners?
PPM Partners is a leading revenue cycle management provider with deep expertise in the anesthesia sector. Founded in 1991 and based in Montgomery, Alabama, it provides complete anesthesia billing and practice-management services.
Why did Knack RCM acquire PPM Partners?
The acquisition deepens Knack RCM's anesthesia services footprint and underscores its commitment to strategic growth as a specialized RCM partner. Combined with Knack's recent acquisition of Merrick Management, it positions the company as a premier partner for anesthesia practices nationwide.
What happens to the PPM Partners team after the acquisition?
PPM Partners' management team remains actively involved in Knack's Anesthesia Services division, bringing more than two decades of industry experience to further enhance Knack RCM's service offerings.
Who advised on the transaction?
Greenberg Advisors, LLC served as exclusive financial advisor to Knack RCM and its financial partner LKCM Headwater Investments, while Brentwood Capital Advisors LLC served as exclusive financial advisor to PPM Partners.