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  6. ModMed Acquires Klara

M&A Deal Summary

ModMed Acquires Klara

On February 8, 2022, ModMed acquired internet software and services company Klara

Acquisition Highlights
  • This is ModMed’s 1st transaction in the Internet Software and Services sector.
  • This is ModMed’s 5th transaction in the United States.
  • This is ModMed’s 1st transaction in New York.

M&A Deal Summary
Date 2022-02-08
Target Klara
Sector Internet Software and Services
Buyer(s) ModMed
Deal Type Add-on Acquisition

Target

Klara

New York, New York, United States
Klara is patient communication and collaboration platform that empowers patients to take more control of their healthcare experience and practices to increase efficiency. Klara’s platform is designed to enable collaboration and communication between practice and patient, including how patients discover, select and engage with a provider. Klara is based in New York City.

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Buyer(S) 1

Buyer

ModMed

Boca Raton, Florida, United States
Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

ModMed is a provider of specialty-specific health information technology. Its flagship product, the EMA, is a cloud-based, specialty-specific EHR system. The company’s suite of products also includes practice management and revenue cycle management solutions as well as telehealth for dermatology and analytics. ModMed was founded in 2009 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 5 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
State: New York M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 NEMO Health

Southfield, Michigan, United States

NEMO Health is a software provider that is intended to address the needs of today’s modern podiatry practices, including TRAKnet EHR, practice management, revenue cycle management (RCM), e-prescribing, and more. NEMO Health is based in Southfield, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Xtract Solutions

Beaverton, Oregon, United States

Xtract Solutions develops immunotherapy software specifically for allergy practices. The Company combines over a decade of software development with the industry-leading outsourcing of Edge Pharma. Xtract Solutions was founded in 2005 and is based in Beaverton, Oregon.

Buy -
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