ModMed Receives Major Investment from Clearlake Capital

ModMed, a leading healthcare SaaS platform, has announced a significant majority growth investment from Clearlake Capital Group, as stated in a press release. The financial terms of the transaction were not disclosed.

ModMed specializes in AI-powered medical practice technology, offering solutions that enhance clinical and operational efficiency for providers across multiple specialties. The company's suite of products includes electronic health records, practice management, revenue cycle management, and patient engagement tools, all integrated with native AI features.

The investment from Clearlake Capital is expected to accelerate ModMed's growth and support its strategic initiatives. Joe Harpaz, Co-Chief Executive Officer at ModMed, expressed confidence that the partnership will strengthen the company's ability to deliver impactful solutions and maintain its position as a trusted technology partner for healthcare providers.

Clearlake Capital, known for its focus on technology and healthcare investments, sees long-term potential in ModMed's AI-enabled technology, which aims to simplify documentation and streamline workflows. The firm plans to leverage its operational improvement approach to drive further growth for ModMed's platform.