Charlesbank Capital Partners, a private investment firm, announced the formation of Kleer-Membersy through the acquisition and merger of Kleer and Membersy, the largest tech-driven dental membership plan providers in the U.S. The combined entity aims to leverage strengths of both companies to support an expansive network of 20,000 dentists and millions of patients, particularly focusing on uninsured and underinsured American adults, which number over 76 million. With the joint forces of Kleer’s CEO, Dave Monahan, and Membersy’s CEO, Michael Shuman, the merger is poised to introduce an innovative subscription-based care model and accelerate value creation for dental practices. Advisors for this transaction included Ernst & Young Capital Advisors and Holland & Knight for Membersy, Carlsquare and Gunderson Dettmer for Kleer, with OM Partners and Goodwin for Charlesbank.

Private Equity, Healthcare Technology,United States