KKR to acquire Therapy Brands
08/04/2021 - 9:26am
KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and electronic health record (EHR) software platform for mental, behavioural, substance use recovery, applied behaviour analysis (ABA) and physical rehabilitation healthcare providers, from its existing shareholders investment funds affiliated with Lightyear Capital LLC, Oak HC/FT and Greater Sum Ventures.
Existing investor PSG will participate in the transaction alongside KKR and continue to be a minority shareholder in Therapy Brands. Financial details of the transaction were not disclosed.
Founded in 2013, Therapy Brands provides end-to-end, purpose-built software solutions to streamline the full clinical, administrative and reimbursement workflows of healthcare professionals in multiple end markets. Its HIPAA-compliant solution suite supports the daily operations of more than 28,000 practices across the US, ranging from individual providers to national multi-location practice groups.