WebPT Announces Significant Investment from Warburg Pincus
Investment to support growth and advance product suite for the physical therapy industry
Since its launch in 2008, WebPT has maintained a track record of steady growth. Today, it is the leading electronic medical record (EMR) and practice management software for outpatient physical therapists, occupational therapists and speech-language pathologists. The fast-growing healthcare software-as-a-service (SaaS) company — which was recently named to the Inc. 5000 list for the seventh-consecutive year — has become the category leader in its space with 85,000 customers at more than 15,000 clinics across the
“Warburg Pincus has an unrivaled history of success in healthcare and technology, and their investment speaks volumes about their belief in WebPT’s vision and purpose as well as the future of the rehab therapy industry,” said WebPT CEO
“WebPT is a best-in-class rehab therapy platform and represents a significant opportunity for growth given the shift toward value-based care in the rehab therapy market,” said TJ Carella, Managing Director,
“We believe WebPT is a strong addition to our HCIT portfolio and look forward to partnering with Nancy and the entire team to help accelerate growth, advance innovation and support their clients,” added
Co-founder Dr.
“WebPT set out more than a decade ago to empower the PT, OT and SLP professions and fight for rehab therapy’s rightful place in the healthcare continuum,” said Dr.
The investment in WebPT comes as the
About
WebPT is the leading rehab therapy platform for enhancing patient care and fueling business growth. WebPT’s product suite provides a robust end-to-end solution covering the entire rehab therapy business cycle, from billing and managing a practice to delivering quality, evidence-based care. With a 99-percent retention rate and an uptime rate in excess of 99.9 percent across its entire platform, WebPT is the most-trusted and most-reliable solution in the industry, regardless of practice setting, specialty or size. WebPT’s growth has earned it a spot on the Inc. 5000 list of the nation’s fastest-growing companies seven years in a row as well as inclusion on the 2018 Healthcare Informatics list of the top 100 U.S. healthcare IT vendors. Learn more at www.webpt.com
About
Warburg Pincus, LLC is a leading global private equity firm focused on growth investing. The firm has more than
View source version on businesswire.com: https://www.businesswire.com/news/home/20190827005248/en/
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