Lovell Minnick Partners LLC, a private equity firm focused on investments in financial services, business services and financial technology companies, has made an investment in ACU-Serve Corp., a revenue cycle management company.

Founded in 1993, ACU-Serve offers revenue cycle management for healthcare providers focused on post-acute, home-based care, including home medical equipment (HME), durable medical equipment (DME) and home infusion industries. The company will remain independent and will continue to be led by its current management team, including founder and CEO Jim Knight. This partnership will enable ACU-Serve to expand its suite of services, drive technology innovation and continue its acquisition strategy.

“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,” says Brad Armstrong, partner at LMP.

Benesch Friedlander Coplan & Aronoff LLP served as legal advisor to ACU-Serve and Morgan, Lewis & Bockius LLP served as legal advisor to LMP. Citizens M&A Advisory served as financial advisor to ACU-Serve and Baird served as financial advisor to LMP.