| Clearlake snaps up nThrive’s tech biz, Sun Capital bets on primary care growth, Bain Capital gets a second shot at US LBM It’s hump day, readers!
Health tech: Santa Monica’s Clearlake Capital has clinched a deal to buy the tech business of Pamplona Capital-backed nThrive, according to people with knowledge of the deal. The pending transaction assigns the healthcare RCM [revenue cycle management] software business at more than $1 billion, I wrote. Read more.
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Also of note (may require subscriptions) Telehealth: TalkSpace, an online therapy app, has attracted interest from SPACs as well as healthcare and technology firms, Bloomberg reports.
On the move: Stephen Toy, head of the WL Ross private equity team backed by Invesco, left the firm as part of a planned transition, Buyouts writes.
PE's role: The most-utilized election system and software companies are owned by U.S. private equity firms, according to Axios.
PE Deals 
They said it “Every private fund manager is aware of the need for strong internal controls over cash operations and have implemented many controls, often with the oversight of their independent auditor. The new pandemic-fueled ‘work from anywhere’ operating environment gives rise to the need to rethink cash controls.” A white paper authored by Hazeltree managing director Don Jefferis in collaboration with Quintin Kevin, CFO at Adams Street speaks to cash management within portfolio companies, Private Funds CFO writes.
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