Cleargate Capital Partners has injected capital into Fellow Health Partners, a New York‑based provider of revenue‑cycle management services for physician groups, ambulatory surgery centers and broader health systems. The firm, founded in 2017, supports more than 500 clinicians across roughly 50 organizations nationwide. CEO Michael N. Brown and his senior team will remain at the helm following the deal.

Cleargate’s investment signals confidence in the fragmented revenue‑cycle market, where technology‑driven platforms can capture fee‑based contracts and improve cash flow for providers. By backing a firm already embedded in dozens of practices, the private‑equity group positions itself to scale operations, cross‑sell ancillary services and potentially consolidate smaller players seeking efficiency gains. The firm expects to expand its client base over the next year.

With management intact, Fellow can leverage the new capital to accelerate product development and deepen integrations with electronic health‑record systems. Investors will watch whether the infusion translates into higher billing efficiency and stronger margins, metrics that drive valuation in health‑tech M&A. The transaction underscores the appetite for niche SaaS solutions within the U.S. provider sector and could set a benchmark for future deals.