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Clearlake Capital to Acquire nThrive´s Technology Division
Friday 20 November 2020

US-based investment firm Clearlake Capital Group, L.P. has agreed to acquire healthcare revenue cycle management (RCM) nThrive's technology division from nThrive Holdings, LP to strengthen and broaden RCM software solutions for healthcare providers, the company said.

Financial terms were not disclosed.

Deutsche Bank Securities Inc., UBS Investment Bank, BMO Capital Markets, and Jefferies LLC are providing debt financing for the acquisition and served as financial advisors to Clearlake.

Sidley Austin LLP served as legal advisor to Clearlake. Barclays, Goldman Sachs and Morgan Stanley served as financial advisors to nThrive. Skadden, Arps, Slate, Meagher and Flom LLP served as legal advisor to nThrive.

Clearlake Capital Group, L.P. operates integrated businesses across private equity, credit and other related strategies.

nThrive Technology provides healthcare revenue cycle management SaaS solutions, offering patient access, charge integrity, claims management, contract management, machine learning and robotic process automation, data and analytics and education software solutions to more than 900 hospitals and health systems in North America, including 37 of the 40 largest healthcare providers in the US
Date Published: 20/11/2020