Morgan Stanley Capital Partners has sold Madison-based Clarity Software Solutions to mPulse, marking the end of its six-year investment in the healthcare communications technology provider.
The private equity firm announced Wednesday that it had completed the sale. Financial terms of the deal were not disclosed.
Clarity provides health plan member communication services to health insurance providers, third-party administrators and dental insurance companies.
MPulse, based in Los Angeles, is a software development company that focuses on the healthcare industry.
During its ownership of Clarity, Morgan Stanley Capital Partners said it helped enhance the company’s product development and technology innovation while strengthening the management team with key hires.
“We’re proud to have partnered with the team at Clarity to help accelerate their business objectives to help healthcare organizations enhance and further personalize their member communications,” said Steve Rodgers, managing director and head of healthcare investing at MSCP.
MSCP is a division of the financial services firm Morgan Stanley that focuses on privately negotiated equity investments primarily in North America.
