ACU-Serve Receives Majority Growth Investment from Lovell Minnick Partners for Expansion and Technological Advancement

Jim Knight, CEO, ACU-Serve (Photo Credit: ACU-Serve)

PHILADELPHIA, October 19, 2023 (VSNewsNetwork.com) - ACU-Serve Corp., a provider of end-to-end revenue cycle management services, announced today that it has received a majority growth investment from Lovell Minnick Partners LLC. The investment is intended to enable ACU-Serve to expand its comprehensive service offerings, accelerate technological innovation, and continue its strategy of targeted acquisitions. The company will remain independent and continue to operate under its current management team, including Founder and CEO Jim Knight. The financial terms of the transaction were not disclosed.

Founded in 1993, ACU-Serve focuses on revenue cycle management for healthcare providers in the post-acute and home-based care sectors, including home medical equipment (HME) and home infusion industries. The company’s services range from intake and revenue recovery to accounts receivable management. Jim Knight, CEO of ACU-Serve, stated, “We share a common goal of not only growing our business but also strengthening our relationships with our clients.” ACU-Serve's technology platform, ACU-Insight, offers a business intelligence component that provides real-time analytics aimed at optimizing revenue collection. Brad Armstrong, Partner at Lovell Minnick Partners, mentioned, "We look forward to partnering with Jim and the management team to expand service offerings, enhance technology capabilities, and pursue strategic acquisitions to complement its organic growth trajectory."

For more information or to learn about ACU-Serve’s services, please visit www.acuservecorp.com.

Source: ACU-Serve via Newswire