The M&A firm for software the working economy cannot switch off.
We help buyers identify software businesses that fit their acquisition strategy, build relationships with owners, and assess opportunities before a letter of intent. Healthcare comes first: our six open desks are all in healthcare software.
Discuss acquisition criteriaBuyers · Sellers
Intelligence first, at every stage of a company's life.
In healthcare, many of the same firms buy the services businesses and the software that runs them. Capital Row reads both, with a managing director over each desk, and acts for one side of each deal.
Buyers
For acquirers
Acquisition search, market and acquirer intelligence, and buy-side due diligence, desk by desk in healthcare software.
Before a sale
For established companies
What the company is worth, what AI could do to it, and whether it runs without the owner, answered while there is time to change the answer.
The sale
For owners selling
Sell-side representation and sell-side diligence, with buyers selected for their track record and culture.
Selling a software company? Request a Pre-Market Assessment
Healthcare
Billing, credentialing and practice software, most of it tied to payer connections.
Desk lead · Shawnee Mercier
Claim creation, coding and payment posting. Every payer connection took months to certify; replace the software and cash slows until they are rebuilt
Denials, appeals and clearinghouse edits after a claim is sent. The rework layer, where a practice finds out what its billing system actually costs it
A provider who is not credentialed cannot bill. The software holds the clock
Scheduling, charting and billing systems for specialty physician groups. Switching costs include re-establishing payer relationships
Group consolidation decides which systems survive a change of ownership
Intake, documentation and measurement-based care. What a payer audit actually asks the record to prove
Medicare-certified, survey-bound
License-bound billing and delivery
Cash-pay, no payer layer, fastest to read
Scheduling, charting, billing and outcomes for therapy clinics; visit limits and authorizations sit inside the software
Resident records, medication administration, billing and census for nursing homes and assisted living
Claim editing and overpayment recovery for health plans and plan administrators
Shift scheduling, open shifts and credential tracking for hospitals and healthcare staffing agencies
Records, scheduling, billing and client messaging for animal hospitals
Transportation & logistics
Dispatch, warehouse, customs and fleet systems, where compliance is a filing.
Desk lead · Dennis Nelson
Dispatch, routing, carrier operations, freight billing and audit
Load matching, carrier onboarding, fraud checks and shipment tracking for brokers
Hours of service, fuel tax, DOT and FMCSA filings, and the telematics behind them
Inventory, orders, billing and fulfillment for third-party warehouses
Customs entries, denied-party screening and export licenses
Work orders, preventive maintenance, inspections and parts for vehicle fleets
Student routing, trip management and crew scheduling for districts and transit agencies
Construction, real estate & field services
Estimating, field service and property systems that run the job and the bill.
Scheduling, dispatch, quoting, invoicing and service agreements for HVAC, plumbing and electrical contractors
Route scheduling, recurring service plans, chemical application records and billing for pest control and lawn care companies
Estimating, measurement, insurance claim paperwork and job tracking for roofing and restoration contractors
Inspection scheduling, deficiency reports and code compliance records for fire protection, alarm and life safety contractors
Estimating, job cost, project management and payments for builders and specialty contractors
Leasing, rent collection and maintenance for property owners and managers
Accounting, assessments, violations and resident portals for community association managers
Rental contracts, fleet, inspections and billing for rental yards and dealers
Financial services
Banking, lending, insurance and advisory systems for regulated work.
Account opening, digital banking, compliance and reporting systems for community banks and credit unions
Policy, underwriting, claims and agency management systems for carriers, program administrators and agencies
Portfolio reporting, client records and back-office workflow for advisory firms
Loan origination from application to funding for banks, credit unions and nonbank lenders
Tracks, contacts and settles overdue accounts for agencies and in-house recovery teams
Message archiving, employee trading and regulator filings for RIAs and broker-dealers
Technology services
IT service providers, and the service desk, monitoring, security and backup tools they run on.
Managed IT providers, and the service desk, monitoring and documentation software they run on
Managed security providers, and the threat detection and Microsoft 365 protection tools IT providers resell
Backup and recovery software, and the providers who run it for their clients
Manufacturing & distribution
Planning, production, quality, maintenance and inventory for manufacturers and distributors.
Planning, production, quality and inventory systems for small and mid-sized manufacturers
Document control, corrective actions, audits and calibration records
Schedules maintenance and tracks assets, work orders and downtime
Order entry, pricing, inventory and product data for distributors
Collects machine data and shows utilization and downtime on the shop floor
Incident logging, chemical and waste records and safety audits
Hospitality & leisure
Point of sale, property, events and attractions systems for operators.
Order-taking and payment terminals, with the inventory, labor and reporting tools a restaurant group runs on
Reservations, check-in, billing, rate setting and distribution to booking sites for hotels
Booking, floor plans, contracts and registration for venues that host private events
Ticket sales, memberships, waivers and guest flow for attractions, family entertainment centers and tours
Fitness, beauty & wellness
Booking, membership and payments for gyms, studios, salons and spas.
Member billing, class scheduling, check-in and retention tools for gyms and studios
Appointment booking, point of sale, memberships and marketing for salons, spas and wellness studios
Listed under Healthcare. Med spa and aesthetics practices sit with the rest of healthcare.
Retail & automotive
Dealer, repair, fuel-site and car wash systems for operators.
Dealer management, repair shop management, collision tools and parts systems for dealerships and independent shops
Back office, point of sale, loyalty and mobile payments for convenience stores and fuel sites
Membership, customer records, point of sale and site analytics for tunnel and in-bay washes
Legal & professional services
Systems for law firms, accounting firms and staffing agencies.
Matter, billing, document and client intake systems for law firms
Document review, evidence bundles and trial presentation for law firms and legal service providers
Applicant tracking, client records, onboarding and pay and bill for staffing agencies outside healthcare
Workflow, client documents, e-signature and tax delivery for accounting and tax firms
Nonprofit & associations
Software and service businesses that supply nonprofits, churches, trade groups and associations.
Membership records, dues, events and certification for trade groups and chambers
Donor records, online giving, events and volunteer management for nonprofits and churches
Government & education
Software and service businesses that supply cities, counties, courts, utilities and school districts.
Finance, HR, payroll, records and resident services for cities, counties and districts
Dispatch, incident records, evidence and 911 call handling for police, fire and EMS
Metered billing, customer accounts and payments for water, sewer, electric and gas utilities
Student records, meal programs, district finance and HR
Program registration, facility booking, memberships and payments for recreation departments
Case management, e-filing, courtroom recording and probation supervision for courts
Online permits, licenses, inspections and code enforcement for cities and counties
Listed under Transportation & logistics, where routing and fleet software sit.
12 months through Q2 2026
against Q2 2025
of SaaS M&A, Q2 2026
SaaS M&A, Q2 2026
Source: Software Equity Group, 2Q26 SaaS M&A and Public Market Report. The trailing-year count and the quarterly growth rate are different measures, labeled as such. The industry, sector and desk counts are Capital Row’s own coverage list, not published figures. Share figures are for Q2 2026; healthcare uses vertical SaaS deals as its denominator.
Our updates on your sector, as they are published.
For buyers
Know the market before the process starts.
Tell us what you buy and where. We work one sector at a time, so the companies, the competing buyers and the deals that break are known before anyone is approached.
Acquisition search
Owners found, read and introduced
Companies that match your criteria on file, with the owner relationship started before a process begins and each opportunity assessed before a letter of intent.
Acquirer intelligence
Who else is buying
The acquirers active in your sectors, what they bought and how they bought it, so you know who you are bidding against and on what terms.
Buy-side diligence
Evidence before the letter of intent
A target's reported earnings traced to source documents, with every adjustment marked supported or unsupported, so diligence starts from the record and not the pitch.
Who is buying in your sectors.
- Francisco Partners acquired a majority stake in Command AlkonSeptember 2026 · Construction materialsSource: Thoma Bravo press release
- Envestnet agreed to acquire VestmarkSeptember 2026 · Wealth & advisorySource: Envestnet newsroom
- Descartes acquired Tai SoftwareAugust 2026 · Freight brokerage TMSSource: Accel-KKR announcement
- TurboTenant acquired TenantCloudAugust 2026 · Property managementSource: ACCESS Newswire
- Frazier Healthcare Partners agreed to acquire MatrixCareJuly 2026 · Home health & post-acuteSource: SEC filing, exhibit 99.1
- Experity acquired Exdion HealthcareJuly 2026 · Revenue cycleSource: Experity news
- Cox Automotive acquired FullpathJune 2026 · Auto dealerSource: Auto Remarketing
- Qualifacts acquired MethodOneApril 2026 · Behavioral healthSource: Qualifacts announcement
- Office Ally acquired Jopari SolutionsApril 2026 · Claims & clearinghouseSource: Business Wire
- Cloudpermit acquired CityReporterFebruary 2026 · Local governmentSource: Newswire.ca
- RedSail Technologies acquired PrimeRxFebruary 2026 · PharmacySource: RedSail Technologies press release
- ConnectWise acquired zofiQJanuary 2026 · MSP & IT serviceSource: ConnectWise press release
- Advent acquired SapiensDecember 2025 · InsuranceSource: Sapiens newsroom
- Dandy acquired NeemDecember 2025 · DentalSource: Dandy announcement
- ECI Software Solutions acquired Amper TechnologiesDecember 2025 · ManufacturingSource: Business Wire
- Clio acquired vLexNovember 2025 · LegalSource: Legal IT Insider
- PatientNow acquired RecuraNovember 2025 · Aesthetics & med spaSource: American Med Spa Association
- HealthStream acquired Virsys12October 2025 · CredentialingSource: Nasdaq press release
- DoorDash acquired SevenRoomsJune 2025 · Restaurant & hotelSource: DoorDash newsroom
- Clearlake Capital completed a majority investment in ModMedApril 2025 · Specialty practiceSource: ModMed press release
From public announcements. Each item is read from, and links to, the announcement named under it.
Each engagement starts with your acquisition criteria and a clearly defined sector.
Tell us what you buy and where. We work one sector at a time, with relationships built before a process starts and each opportunity assessed before a letter of intent.
Discuss acquisition criteriaRead by a person.
The median private equity firm sees fewer than one deal in five of the ones available inside its own stated market.
Where would your firm land?
Open the deal coverage calculator177 private equity firms, each measured against the industries and deal sizes it says it covers. Coverage is the share of completed deals, with a private equity buyer and a sell-side advisor, that the firm actually saw. Median 18.4 percent, top quarter 27.9 percent. SPS / With Intelligence, Deal Origination Benchmark Report, twelve months to June 30, 2025.
For sellers · Before a sale
Answer the buyer's questions while there is time to change the answer.
Established software companies come to us before they sell. We read the company the way a buyer's diligence team will, then set out what to fix first and who does each part.
Valuation
Pre-Market Assessment
A valuation range, the adjusted earnings behind it and a plan in order, for owners who want to grow now and keep their options open.
Scoring
Enterprise Value Index™
Your company scored on the dimensions a buyer's diligence team weights, fitted for software, including how the team is classified and paid.
Technology
AI displacement risk
Where AI strengthens your product, where it does the work instead, and the proof points a buyer will ask for.
People
Human capital and AI
Which roles to hire, which work AI should do, and the leaders who remove owner dependence.
Direction
Growth and Exit Plan
What the company is worth today, who would buy it, and what raises the value before you choose a path.
Financing
Acquisition financing
Financing for acquisitions and growth, introduced with a business story a lender can read.
For sellers · The sale
Prepared companies. Qualified buyers.
Sell-side representation covers the sale itself and the work before it that sets the price. Nothing is listed, and nothing from your review reaches a buyer without your written permission.
Before market
Sell-side diligence
Your adjusted earnings traced to source records, the data room organized, and the findings a buyer would raise found first.
The buyers
Buyers who fit, named
The acquirers active in your niche, what they bought and how they buy, mapped before anyone is approached.
The fit
Selected for track record and culture
How each buyer has treated founders, teams and customers after close, so the buyer you choose is one you would choose again.
The process
A competitive process
Outreach, management meetings, and letters of intent compared on price and terms, with exclusivity granted on your timeline.
The close
Diligence to close
Requests answered from a prepared record, so the price agreed at the letter of intent has the best chance of holding.
Where we start
Six desks open in healthcare software
Billing, coding and claims. Denials and clearinghouse workflow. Credentialing and provider data. Specialty practice management. Dental. Behavioral and specialty health.
A valuation is only as strong as the quality of the earnings behind it.
Find the financial gaps and earnings questions a buyer’s diligence will raise, while you still control the timeline. Your numbers traced to source documents, and a findings report that is yours to keep.
Request a Pre-Market AssessmentScope is agreed in writing before any work begins. Nothing from your review reaches a buyer, or anyone else, without your written permission.
A desk is not a list of companies for sale. It is the year spent in a vertical before anyone went to market.
Reserve your seat at the owner sessionWednesday, January 20, live online. Everyone who reserves a seat receives the playbook.
Repeatable preparation.
Traceable evidence.
Human review and judgment at every step.
Financial preparation here starts with repeatable calculations and evidence that can be traced to its source. Advisors review every step and lead the delivery: understanding the business, evaluating adjustments and applying professional judgment.
Technology creates capacity. Human expertise turns that capacity into trusted advice.
This is non-attest preparation. For a quality of earnings report, see Sell-Side QoE.
Request a Pre-Market AssessmentCapital Row helps buyers see more of their own market, with the financials traced to source before the letter of intent. For owners, and the certified public accountants who prepare their numbers, it is the first look at what a buyer’s diligence will find, while there is still time to fix it.
Tell us what you are working on.
Tell us what you are working on and where you need clarity. We will respond to discuss fit and the next step.
Prefer to call or write? (949) 682-1223
info@thecapitalrow.com
Please do not send financial documents, PHI or confidential information here. Sensitive information moves through a controlled workspace, under a signed engagement letter.
Or write to the desk directly at info@thecapitalrow.com