Healthcare Technology Report March 20, 2025
Clearlake Capital Group, a provider of specialized healthcare SaaS technologies, has acquired a majority stake in ModMed, a healthcare technology company, in a deal valuing the firm at $5.3 billion. ModMed develops AI-powered medical practice software designed to improve efficiency for healthcare providers. Its solutions include electronic health records, practice management, revenue cycle management, and patient engagement tools. The investment aims to support ModMed’s continued growth and expansion of its AI-driven technologies. The financial terms of the transaction were not disclosed.
Co-CEO Joe Harpaz said, “Our decision to partner with...
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