Sidley Advises Clearlake Capital on Majority Investment in AI-Driven ModMed

Sidley is representing Clearlake Capital in its majority growth investment in ModMed, an AI-powered medical technology provider. ModMed, backed by Warburg Pincus, specializes in electronic health records, practice management, revenue cycle management, patient engagement, and AI-driven solutions. The deal is subject to regulatory approvals and customary closing conditions. Financial terms remain undisclosed.

Sidley’s legal team is led by Mehdi Khodadad and Mark Castiglia (M&A and Private Equity), with support from specialists in finance, healthcare, employment, tax, privacy, technology transactions, antitrust, and international trade.

Sidley Advises Clearlake Capital on Majority Investment in AI-Driven ModMed

Sidley is advising Clearlake Capital Group, L.P. on its majority growth investment in ModMed, a provider of AI-driven medical practice technology. Currently backed by Warburg Pincus, ModMed specializes in electronic health records, practice management, revenue cycle management, patient engagement, payment processing, and AI-powered solutions. The deal remains subject to customary closing conditions, including regulatory approvals. Financial details were not disclosed.

Sidley’s legal team for this transaction is led by partners Mehdi Khodadad and Mark Castiglia (M&A and Private Equity), supported by a multidisciplinary team of professionals across various practice areas. The team includes Tommy Tsao and Cameron Turkzadeh (M&A and Private Equity), Nicholas Schwartz, Julie Ann Rosenberg Lamm, Shneur Wolvovsky, and Scott Dawson (Global Finance), Jon Zucker (Healthcare), Eric Kauffman and Emily Wajert (Employment), Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation), Kyle Barnett and Dina Kang (Technology Transactions), Lauren Kitces (Privacy and Cybersecurity), Rachel Kleinberg and Jonathan Westreich (Tax), Ken Daly and Vadim Brusser (Antitrust and Competition), and Sven De Knop and Alessandra Moroni (International Trade).

The transaction represents a significant strategic investment by Clearlake Capital in ModMed, a leading provider of AI-powered medical technology solutions. ModMed’s innovative platform integrates electronic health records, practice management, revenue cycle management, patient engagement, payment processing, and AI-driven automation to streamline operations for medical practices. The investment is expected to accelerate ModMed’s growth and further enhance its technological capabilities in the healthcare industry.

Clearlake Capital, known for its focus on technology-driven investments, aims to leverage its operational expertise and financial resources to support ModMed’s expansion. Warburg Pincus, the existing investor, will continue its involvement in the company. The transaction is subject to customary closing conditions, including regulatory approvals. While financial details have not been disclosed, the deal underscores the increasing importance of AI-driven solutions in the healthcare sector.

Sidley’s involvement highlights the firm’s extensive experience in handling complex private equity and M&A transactions, particularly in the technology and healthcare sectors. With a strong team of legal professionals specializing in various regulatory and transactional disciplines,

Sidley continues to be a trusted advisor in high-profile deals, leveraging its deep industry knowledge and multidisciplinary approach to deliver tailored legal solutions. The firm’s expertise in navigating the legal and financial intricacies of such transactions ensures a seamless process for all parties involved, from due diligence and regulatory compliance to contract negotiations and closing procedures.

With a strong track record in private equity, M&A, and technology-driven investments, Sidley is well-positioned to support clients in executing complex transactions across various industries. The firm’s ability to anticipate legal challenges, mitigate risks, and provide strategic guidance has made it a go-to advisor for private equity firms, investors, and corporations.

Sidley’s involvement in the Clearlake-ModMed transaction further underscores its strength in healthcare and technology-focused investments. By offering comprehensive legal counsel across finance, tax, antitrust, and privacy matters, the firm ensures that its clients achieve their business objectives efficiently while adhering to regulatory requirements and industry best practices.