April 15 (Reuters) - Global equity manager ClearBridge Investments said on Monday it has urged healthcare IT firm Model N's board to reconsider its proposed acquisition by Vista Equity Partners.

"We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers," ClearBridge said in its letter to Model N. (Reporting by Christy Santhosh in Bengaluru; Editing by Shilpi Majumdar)