Sidley Austin LLP served as legal advisor and District Capital Partners as financial advisor to Provation Medical Inc.
Provation Medical, Inc., which is backed by Clearlake Capital Group, L.P., in its acquisition of MD-Reports, a provider of electronic medical record, practice management and report writing software. No financial terms were disclosed.
Provation provides medical documentation software products. The Company offers coding and workflow software programs to hospitals and abulatory surgery centers. Clearlake Capital Group, L.P. is a leading private investment firm with over US$16 billion of assets under management, and its senior investment principals have led or co-led over 200 investments.
The Sidley team was led by Mehdi Khodadad (Picture) and included Josh DuClos, Eric Kauffman, Stacy Crosnicker and Jim Warczak.
Law Firms: Sidley Austin LLP;
Clients: Provation Medical, Inc;