Morgan Stanley Capital Partners (MSCP) sold Clarity Software Solutions, a healthcare communications technology provider, to mPulse. Financial terms of the transaction were not disclosed.

MSCP first invested in Clarity in 2019, supporting the company through product development, technology innovation, and key management hires. The partnership helped Clarity strengthen its ability to deliver multimodal communication and engagement solutions to health insurers, third-party administrators, and dental insurance providers.

Steve Rodgers, Managing Director and Head of Healthcare Investing at MSCP, said: “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. Our partnership has expanded Clarity’s service capabilities and we believe the company is better positioned to help clients connect with their members and provide more transparent, higher quality healthcare.”

Clarity CEO State Mongelli added: “We are very pleased with the value that Morgan Stanley was able to add over the course of their hold period. They took a unique approach to partnership by including their in-house operating expertise led by Patrick Whitehead. This enabled us to think more strategically about where we wanted to take Clarity and knowing we had the support to deliver on this.”

William Blair acted as lead financial advisor, with Lincoln International also advising. Dechert served as legal counsel, while Alvarez & Marsal provided financial diligence.

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