Key Highlights
- Clearlake Capital has made a majority growth investment in ModMed® to fuel innovation and expansion.
- ModMed specializes in AI-powered medical practice solutions that improve clinical efficiency.
- The investment supports enhancements in AI, automation, and patient-provider workflows across multiple specialties.
- Clearlake aims to accelerate ModMed’s growth using its O.P.S.® framework for operational improvement.
- Warburg Pincus remains a strategic partner after supporting ModMed’s growth for eight years.
Source: PR Newswire
Notable Quotes
- “For fifteen years, ModMed has operated with a clear and consistent mission: to place doctors and patients at the center of care through an intelligent, specialty-specific cloud platform. We look forward to our next chapter of growth with Clearlake and continuing to leverage technology to transform the patient-provider experience.” — Dan Cane & Dr. Michael Sherling, Co-Founders at ModMed
- “Our decision to partner with Clearlake was driven by their impressive track record in healthcare technology and their commitment to innovation. This partnership strengthens our ability to deliver impactful solutions and maintain our position as a trusted technology partner.” — Joe Harpaz, Co-CEO at ModMed
- “ModMed is a leading healthcare SaaS provider with a mission-critical platform. We are excited to support their advancements in AI-driven technology that streamlines clinical workflows.” — Behdad Eghbali, Prashant Mehrotra, & Paul Huber at Clearlake Capital
Why This Matters
This investment marks a significant milestone for ModMed, reinforcing its position as a leader in AI-driven healthcare technology. Clearlake Capital’s backing will accelerate product innovation, enhance AI capabilities, and support the company’s mission to improve efficiency in medical practices. As the healthcare industry continues to evolve, the partnership underscores the growing demand for intelligent, specialty-specific SaaS solutions that streamline operations and enhance patient care.
