Clearlake Capital Acquires Provation Medical from Wolters Kluwer

Clearlake Capital Makes Majority Growth Investment in ModMed

March 3, 2025

Healthcare Services

Clearlake Capital Group has completed a significant majority growth investment in ModMed, a specialty-specific healthcare SaaS platform with AI-powered medical practice technology. Financial terms were not disclosed. The deal follows Clearlake’s acquisition of ModMed from Warburg Pincus (per initial announcement) and aims to accelerate ModMed’s AI and growth roadmap.

Fortive Completes Acquisition of Provation Software from Clearlake Capital Group

December 27, 2021

Healthcare Services

Fortive completed its previously announced acquisition of Provation Software, adding the clinical workflow software provider as an operating company within Fortive’s Advanced Healthcare Solutions (AHS) segment. The deal was originally announced as a $1.425 billion acquisition from Clearlake, with Provation serving more than 5,000 healthcare facility customers.

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.

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 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.