Operating Company Healthcare

ModMed

Boca Raton, Florida, United States

ModMed empowers medical practices to grow and scale with specialty-specific cloud software, using cloud, data, and AI technologies to simplify and automate clinical workflows. Its platform includes specialty EHR, practice management, revenue cycle management, and patient engagement solutions trusted by over 40,000 providers.

Focus Areas
Specialty EHR, Practice management software, Revenue cycle management (RCM)
Website
modmed.com

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 addon

ModMed Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for ModMed. 2 2021 1 2022 1 2023 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    ModMed
    Target
    Bonsai Health
    Type
    Buyout

    ModMed, backed by Clearlake Capital, announced it has acquired Bonsai Health, a high-growth agentic AI patient engagement platform. The deal adds front-office automation such as automated patient reactivation and AI-driven self-scheduling into ModMed’s AI-Powered Practice for specialty medical practices.

  • Buyer
    ModMed
    Target
    Xtract Solutions
    Seller
    Xtract Solutions
    Industry
    Software
    Type
    Buyout

    ModMed has acquired Xtract Solutions' allergy testing and immunotherapy software and will integrate the technology and team into its Allergy, Asthma & Immunology solution to expand specialty-specific capabilities. The acquisition enables ModMed to combine its EHR, practice management and RCM platform with Xtract's bespoke immunotherapy workflow and EMR integrations to improve continuity of care for providers treating allergies.

  • Buyer
    ModMed
    Target
    Klara
    Type
    Buyout

    ModMed (Modernizing Medicine) has acquired Klara, a patient communication and collaboration platform that enables digital collaboration between practices, patients and third-party providers. The acquisition expands ModMed’s specialty-specific cloud platform by adding Klara’s patient engagement and messaging capabilities to improve practice efficiency and integration with EHR/PM systems.

  • Buyer
    Modernizing Medicine, Modernizing Medicine Podiatry Systems
    Target
    TRAKnet
    Seller
    NEMO Health
    Type
    Addon

    Modernizing Medicine (through its subsidiary Modernizing Medicine Podiatry Systems) acquired TRAKnet and other assets from podiatric EHR vendor NEMO Health. The acquisition expands Modernizing Medicine's podiatry product portfolio and brings TRAKnet's specialty-specific EHR and practice management capabilities into ModMed's podiatry platform to accelerate innovation for podiatrists.

  • Buyer
    Modernizing Medicine
    Target
    Exscribe, Inc.
    Industry
    Software
    Type
    Buyout

    Modernizing Medicine, a Boca Raton-based specialty EHR and healthcare software provider, has acquired Exscribe, an orthopedic-focused electronic health records (EHR) vendor. The deal combines two specialty orthopedic EHR teams to accelerate product innovation, expand practice management and analytics capabilities, and support orthopedics customers with integrated EHR and practice management solutions.

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