Clearlake to Buy ModMed Stake at $5.3 Billion Valuation, FT Says

Clearlake Capital plans to buy a majority stake in Modernizing Medicine (ModMed) from Warburg Pincus in a buyout that values the health records software company at $5.3 billion, FT reported.

• Clearlake beat out rival bids from several other private equity groups
• ModMed founders will maintain minority holding
• The deal, which could be announced in coming days, would mark the most valuable leveraged buyout in the healthcare sector this year

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