Healthcare-focused lower middle market private equity firm
Cleargate Capital Partners
- Founded2025 S7
- Websitecleargatecp.com
- Last verifiedNovember 4, 2026
At a glance
| EBITDA range | $2M to $10M S2 |
|---|---|
| Check size | $10M to $40M S2 |
| Deal types | Platform, Add-on, Minority, Growth S2 |
| Geography | United States, Canada S2 |
| Sectors | Healthcare Services |
What Cleargate Capital Partners buys
Cleargate Capital Partners is a healthcare-only private equity firm founded in 2025 by Will Ritchie, a former Madison Dearborn managing director, and Mitra Veeramasuneni, who ran his family's plastic surgery and medical spa business. It puts $10 million to $40 million into US and Canadian companies with $2 million to $10 million of EBITDA, and it wants double-digit growth with margins at or above the industry norm. It usually buys 51% to 100% of a company through a buyout or recapitalization, and it will consider a minority growth investment.
Its stated areas are revenue cycle management, compliance and credentialing, behavioral health, home and community-based care, payer services, and healthcare training. There is no minimum size for add-ons, so a smaller business can still sell into a Cleargate platform. Its only current company is Fellow Health Partners, a revenue cycle provider for specialty physician groups, and Cleargate has said it will help Fellow look at acquisitions.
Recent deals
Announced in the 24 months before November 4, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jun 2026 | Fellow Health PartnersRevenue cycle management provider for specialty physician groups and surgery centers, and the only current company on the firm's site; management stays and terms were not disclosed | Investment | Healthcare Services | Source |
Portfolio by sector
From the firm's portfolio page S3.
Active investments
- Fellow Health Partners
Past investments: Sevita Health, CareRing Health, Kaufman Hall, Syntellis Performance Solutions, Advanced Personnel Management (APM), Bond Healthcare Partners
Greymont’s take
How Cleargate Capital Partners fits a seller
This firm suits the founder of a healthcare services or outsourced provider-services company with $2 million to $10 million of EBITDA who wants a specialist investor rather than a generalist. Its website lists a team of three, so an owner would deal directly with the people who started the firm. In the Fellow deal the chief executive and management team stayed in place, which fits its pitch of backing founders and their teams.
Cleargate is new, and there is only one investment to judge it by. The prior deals on its website were done by its partners at earlier firms, so ask what this team has completed together. Also ask how much capital is left in its fund, since the size is not published, and whether it would want a majority or a minority stake in your company.
Questions owners ask
What size company does Cleargate look for?
Platform companies with $2 million to $10 million of EBITDA in the US or Canada, with investments of $10 million to $40 million. It has no minimum size for add-on acquisitions.
Does Cleargate take majority or minority stakes?
Mainly majority buyouts and recapitalizations of 51% to 100%, though it says it will consider minority growth capital. Its June 2026 Fellow Health Partners release does not say which kind of stake it took.
Which parts of healthcare does Cleargate focus on?
Revenue cycle management, governance and compliance, behavioral health, home and community-based services, payer services, and healthcare training. Its FAQ also names healthcare IT, outsourced services to providers and service models that are not led by physicians.
Has Cleargate made any investments yet?
One so far: Fellow Health Partners, a revenue cycle management company announced in June 2026. The other names on its portfolio page are deals its team worked on at earlier firms, not Cleargate holdings.
Sources
- S1Cleargate Partners home page Accessed November 4, 2026
- S2Cleargate Partners: About Accessed November 4, 2026
- S3Cleargate Partners: Portfolio Accessed November 4, 2026
- S4Cleargate Partners: Team Accessed November 4, 2026
- S5Cleargate Partners: Will Ritchie Accessed November 4, 2026
- S6Cleargate Partners: Mitra Veeramasuneni Accessed November 4, 2026
- S7Fellow Health Partners Announces Investment from Cleargate Capital Partners (June 16, 2026) Accessed November 4, 2026
- S8Fellow Health Partners: An Important Milestone (June 17, 2026) Accessed November 4, 2026
- S9Cleargate Partners: News Accessed November 4, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Cleargate Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction