Fortive Corporation Acquires Provation from Clearlake Capital
December 27, 2021
Fortive Corporation completed its acquisition of Provation Software from Clearlake Capital, adding the clinical workflow and documentation software provider to Fortive's Advanced Healthcare Solutions segment. Provation, a Minneapolis-based SaaS provider serving more than 5,000 hospitals, ASCs and medical offices, will help Fortive expand its healthcare workflow capabilities and accelerate growth across its AHS business.
- Buyers
- Fortive Corporation
- Targets
- Provation
- Sellers
- Clearlake Capital Group, L.P.
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Clearlake Capital Acquires Provation Medical from Wolters Kluwer
March 12, 2018
Software
Clearlake Capital Group has acquired Provation Medical from Wolters Kluwer, making Provation a newly independent software platform to accelerate growth. Provation is a leading provider of procedure documentation, coding, and clinical decision-support software used by hospitals and ambulatory surgery centers; Clearlake intends to support product investment and pursue a buy-and-build growth strategy.
-
Provation Acquires endoPRO Software Portfolio from PENTAX Medical
September 1, 2021
Software
Provation, the Clearlake-backed provider of procedure documentation and clinical decision-support software, acquired the endoPRO endoscopy informatics and software portfolio from PENTAX Medical. The carve-out expands Provation’s clinical productivity portfolio into endoscopy imaging and information management, with terms undisclosed and a concurrent sales agreement for Canadian distribution.
-
Provation (Clearlake-backed) Acquires ePreop
September 16, 2020
Cloud & SaaS
Provation, a Clearlake Capital–backed provider of clinical productivity software, has acquired ePreop, a perioperative SaaS vendor that offers SurgicalValet and AnesthesiaValet. The acquisition expands Provation’s clinical productivity platform by adding perioperative screening, care coordination, and anesthesia quality reporting capabilities as part of a buy-and-build strategy.
-
Clearlake-backed Provation Acquires iProcedures
May 4, 2021
Cloud & SaaS
Provation, the Clearlake Capital-backed provider of procedure documentation and clinical productivity SaaS, has acquired iProcedures, a cloud-based anesthesia documentation and perioperative data management software provider. The add-on expands Provation’s anesthesia capabilities and broadens its end-to-end clinical productivity and documentation portfolio to better serve hospitals, ambulatory surgery centers, and anesthesia groups.
-
Provation Acquires MD-Reports
January 7, 2020
Healthcare Services
Clearlake-backed Provation has acquired MD-Reports, a provider of EMR, practice management and report-writing software, expanding Provation's clinical documentation platform and adding practice management capabilities. MD-Reports serves over 530 physician offices, hospitals and ambulatory surgery centers, and the deal supports Provation's strategy of growth through acquisition to better serve small and mid-sized providers.
-
Integrated Health Systems (Traverse Pointe Portfolio) Acquires ProviNET Solutions
August 29, 2025
IT Services
Integrated Health Systems, a portfolio company of Traverse Pointe Partners, has acquired ProviNET Solutions, a Tinley Park, Illinois-based IT solutions and managed services provider serving senior living and broader commercial customers. The add-on transaction closed on August 29, 2025 (terms undisclosed) and is intended to deepen managed‑IT capabilities and scale in the post‑acute/senior living market.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.