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Providence Equity Partners to Acquire Majority Stake in CheckedUp, Accelerating the Next Phase of Growth for Leading Specialty Point-of-Care Engagement Platform

Business Wire

Varsity Healthcare Partners to join as strategic minority investor; CheckedUp co-founders Dr. Richard Awdeh and Mark Awdeh to continue leading the company

NEW YORK & PROVIDENCE, R.I., August 18, 2026--Providence Equity Partners L.L.C. ("Providence"), a specialist private equity firm focused on media, communications and education, today announced that it has agreed to acquire a majority stake in CheckedUp, a leading specialty point-of-care education and engagement platform connecting patients, healthcare providers and life sciences companies within the clinical environment.

Providence is acquiring CheckedUp alongside co-founders Dr. Richard Awdeh and Mark Awdeh, who will continue to lead the company, and Varsity Healthcare Partners ("Varsity"), a private equity firm focused on healthcare services.

Founded in 2012 by ophthalmologist Dr. Richard Awdeh, formerly of Bascom Palmer Eye Institute, and Mark Awdeh, CheckedUp was built on the belief that better access to relevant, clinically aligned information can help patients and healthcare professionals have more informed conversations about care. As a physician-founded company, CheckedUp has developed its platform specifically around the needs of specialty healthcare environments, delivering educational and brand content through a proprietary digital network of waiting-room televisions and interactive exam-room wallboards.

Today, CheckedUp reaches more than 17,000 specialty healthcare providers and 15 million patients. The platform works with the majority of the top 40 pharmaceutical manufacturers, delivering clinically relevant education and brand information at the point of care, where important healthcare decisions are made.

The partnership with Providence and Varsity is expected to support CheckedUp's continued growth, including expansion of its provider network and therapeutic-area footprint, investment in new products and technology, and advancement of its measurement, data and analytics capabilities. Together, the partners intend to build on CheckedUp's differentiated position in specialty point of care while creating new opportunities to deliver value to patients, providers and life sciences companies.

Lucy Dobrin, Managing Director at Providence, said, "We believe CheckedUp has built a differentiated platform at one of the most important points in the healthcare journey. Its specialty focus, clinically relevant engagement and scaled presence create a compelling value proposition. We are excited to partner with Richard, Mark and the team to expand CheckedUp's reach, capabilities and impact."

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