ModMed, a Leading Healthcare SaaS Platform, Announces Significant Majority Growth Investment from Clearlake Capital
- Editor
- Mar 3
- 1 min read
Whats Happening:
Clearlake Capital Group has made a significant majority growth investment in ModMed, a leading healthcare SaaS technology provider. ModMed offers AI-powered medical practice technology for multiple specialties, including electronic health records, practice management, and patient engagement solutions. The investment aims to accelerate ModMed's growth and innovation in specialty-specific healthcare technology.
Key Moves:
Clearlake Capital makes significant majority investment in ModMed
ModMed to leverage Clearlake's O.P.S.® framework for growth
Partnership aims to accelerate ModMed's AI-enabled technology advancements
By The Numbers:
Clearlake has over $90 billion of assets under management
Clearlake's senior investment principals have led or co-led over 400 investments
ModMed is trusted by over 40,000 providers
Key Quotes:
"We look forward to our next chapter of growth with Clearlake and continuing to leverage technology to transform the patient-provider experience," - Dan Cane and Dr. Michael Sherling, ModMed Co-Founders
"We believe long-term trends in healthcare favor software providers focused on innovation and efficiency," - Behdad Eghbali, Prashant Mehrotra, and Paul Huber, Clearlake
"We're confident Clearlake will continue to support the Company in its mission to revolutionize patient care," - Amr Kronfol, Warburg Pincus
Bottom Line:
Clearlake Capital's majority investment in ModMed signals a significant move in the healthcare technology sector. The partnership aims to accelerate ModMed's growth and innovation in AI-enabled, specialty-specific healthcare solutions, potentially reshaping the landscape of medical practice technology and patient care delivery.
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