(Philadelphia, PA) – October 19, 2023 – ACU-Serve Corp. (“ACU-Serve” or the “Company”), a leading provider of end-to-end revenue cycle management, announced today that it has received a majority growth investment from Lovell Minnick Partners LLC (“LMP”), a private equity firm focused on investments in financial services, business services, and financial technology companies. The Company will remain independent and will continue to be led by its current management team, including Founder and Chief Executive Officer, Jim Knight. This strategic partnership will enable ACU-Serve to expand its suite of comprehensive solutions, accelerate technology innovation, and continue its successful acquisition strategy. LMP will invest from its affiliated funds, Lovell Minnick Equity Partners V LP and Lovell Minnick EquityPartners V-A LP. Terms of the transaction were not disclosed.

Founded in 1993, ACU-Serve is a leader in revenue cycle management for healthcare providers focused on post-acute, home-based care, including the home medical equipment (“HME”), durable medical equipment (“DME”), and home infusion industries. The Company’s comprehensive service portfolio encompasses intake, revenue recovery, accounts receivable management, consulting, compliance, cash posting, and analytics, all of which have been meticulously crafted to mitigate claim denials, expedite claims processing, and optimize revenue collection.