Clearwater Security & Compliance LLC

Clearwater Security & Compliance LLC specializes in cybersecurity and compliance solutions for the healthcare sector, focusing on safeguarding sensitive health data while ensuring regulatory compliance with standards like HIPAA and HITRUST. Founded in 2009 and headquartered in Nashville, US, Clearwater Security & Compliance LLC offers cybersecurity and compliance solutions specifically for the healthcare industry. The company has engaged in two investment deal, with the latest transaction occurring on September 30, 2025. In September 2025, Sunstone Partners acquired a majority stake in Clearwater Security & Compliance LLC from Altaris.

Steve Cagle serves as the CEO, leading the firm in its mission to provide tailored security solutions. Clearwater provides a comprehensive suite of cybersecurity and compliance solutions tailored specifically for the healthcare sector. Their core offerings include managed security services, compliance software, and consulting services designed to protect sensitive health data while ensuring adherence to regulations such as HIPAA, HITRUST, and SOC 2. The company leverages its deep healthcare security expertise and Managed Security Service Provider (MSSP) capabilities to deliver services such as 24/7 monitoring, threat detection, vulnerability management, and incident response.

Clearwater's client base includes hospitals, health systems, provider groups, digital health companies, and healthcare investors, primarily operating within the United States, Canada, and select international markets. The end users of these services are healthcare organizations seeking to enhance their security posture and maintain rigorous compliance with industry standards. Clearwater's revenue model is primarily based on subscription and service agreements with healthcare organizations, which allows clients to access a range of cybersecurity and compliance services. Clients typically enter into contracts that may span multiple years, providing ongoing security assessments, software solutions, and managed services.

The structure includes tiered pricing plans based on the scope of services utilized, with specific flagship offerings like the IRM|Pro Suite® and ClearAdvantage® Managed Services Program. These products and services are designed to drive measurable improvements in risk management and compliance, ensuring that healthcare entities can protect their operations effectively. The transactions are structured as B2B partnerships, with Clearwater delivering tailored solutions to meet the unique needs of each client while fostering long-term relationships within the healthcare ecosystem. The September 2025 acquisition aims to expand Clearwater Security & Compliance LLC's managed services, consulting, and software offerings.