M&A TRANSACTION · 2025
Modernizing Medicine (ModMed) acquired by Clearlake Capital
$5.30B· 35.3x EBITDA
Target
Modernizing Medicine (ModMed)
Acquirer
Clearlake Capital
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
—
EBITDA
$150.0M
Deal Value
$5.30B
EV/EBITDA
35.3x
Context
This $5.30B acquisition of Modernizing Medicine (ModMed) by Clearlake Capital sits in the healthcare it sub-vertical. The 35.3x EBITDA multiple paid in 2025 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Clearlake Capital is acquiring as a private equity buyer; see how PE acquirers typically price healthcare it businesses on our Healthcare It PE buyer-pool page.
Source
Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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