Warburg Pincus explores sale options for Modernizing Medicine - Reuters

Investing.com -- Private equity firm Warburg Pincus is reportedly considering various options for Modernizing Medicine (ModMed), including a potential sale. The medical software provider could be valued at more than $5 billion, accounting for debt, according to Reuters insiders familiar with the situation.

ModMed, located in Boca Raton, Florida, is said to be working with a financial adviser to seek interest from possible buyers in the coming weeks. The pool of potential buyers includes other private equity firms.

Those familiar with the matter have indicated that these discussions are still in their early stages. They stressed that a deal is not guaranteed, and Warburg Pincus may decide to maintain its ownership of the company. ModMed also has the option to explore other alternatives, such as selling a stake in the company.

Warburg Pincus first invested in ModMed in 2017. The firm previously considered options for the company in 2022, but those discussions did not result in any action.

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Source: Investing.com