WebPT Receives Investment from Warburg Pincus

WebPT_LogoWebPT, a Phoenix, AZ-based rehab-therapy software platform for enhancing patient care and fueling business growth, received an investment from Warburg Pincus.

The amount of the deal was not disclosed.

Battery Ventures is a selling shareholder in the transaction.

WebPT provides a rehab therapy platform for enhancing patient care and accelerating business growth. Its product suite provides an end-to-end solution covering the entire rehab therapy business cycle, from billing and managing a practice to delivering quality, evidence-based care.
The software-as-a-service (SaaS) company counts 85,000 customers at more than 15,000 clinics across the U.S. and its territories.

Battery invested in WebPT in 2014. Chelsea Stoner, a Battery general partner, and Paul Morrissey, a Battery principal, joined the company’s board of directors at that time. Since the investment, WebPT has completed four acquisitions to expand its product offerings and strengthen its position in the market, recruited several key executives to its current leadership team, including CEO Nancy Ham; and grown headcount to more than 400, from under 150.

FinSMEs

28/08/2019

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