Clearlake Capital Acquires Provation Medical from Wolters Kluwer

Fortive Corporation Acquires Provation from Clearlake Capital

December 27, 2021

Healthcare Services

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.

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 (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.

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 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.

Clearlake Capital Completes Majority Investment in ModMed

March 3, 2025

Cloud & SaaS

Clearlake Capital has made a significant majority growth investment in ModMed (Modernizing Medicine), acquiring the company from Warburg Pincus and other prior investors; financial terms were not disclosed. ModMed is a specialty-specific, AI-enabled healthcare SaaS platform offering EHR, practice management, revenue cycle management, patient engagement and payments; Clearlake says the capital will accelerate growth and the company's AI roadmap.