Clearlake Capital completed the investment in Warburg Pincus-backed ModMed at a $5.3bn valuation.

Clearlake Capital, a private investment firm, completed the investment in Warburg Pincus-backed ModMed, a specialty-specific healthcare SaaS technology provider, at a $5.3bn valuation. "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. Since then, we have remained steadfast in our dedication to innovation and improving providers' lives. Our journey with Warburg Pincus enabled us to scale and achieve significant milestones, and we look forward to our next chapter of growth with Clearlake and continuing to leverage technology to transform the patient-provider experience," Dan Cane, ModMed Co-CEO and Co-Founder, and Michael Sherling, ModMed CMO, CSO and Co-Founder.