CHARLOTTE – Charlotte-based equity firm Frontier Capital has made a “significant growth equity investment” in the healthcare payments firm Clearwave Corporation based out of Atlanta.
The investment comes from the firm’s $700 million Frontier Fund V, which closed in 2017. However, the exact sum invested wasn’t disclosed.
Clearwave specializes in digital check-in, insurance verification and payments collection for hospitals, private physicians, urgent care centers and other medical facilities.
Frontier said the investment is intended to support Clearwave’s “next phase of innovation” with customer experience, technology, sales and marketing operations and its talent base.
“As an early innovator in digital patient intake solutions, we believe our success is a direct outcome of our focus being in alignment with our healthcare providers – providing the best possible patient experience,” said Gerard White, Clearwave’s CEO, in a statement.