Last deal

Amount

Private Equity

Stage

24.07.2018

Date

2

all rounds

date founded

Financing round

General

About Company
Therapy Brands provides mental and behavioral health software.

Industry

Sector :

Subsector :

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Private Equity

IPO status

Private

Description

Therapy Brands offers fully integrated practice management and EHR solutions for healthcare providers to improve patient quality of care and support better health outcomes. Their platform allows therapists, psychologists, social workers, and counselors to save time spent on administrative tasks and manage their practice. They offer high-value therapy practice management software that is tailored to fit the needs of different specialties and sizes. Their products include TheraNest, ShareNote, WebABA, Catalyst, Fusion, Ten Eleven, Procentive, Logik, Apex, and NewCrop, which feature streamlined billing, scheduling and reminders, therapy notes and templates, client portals, and top-notch training and support. Additionally, they provide industry-leading RCM, e-prescribe, and other features to help practices thrive. Therapy Brands aims to simplify the practice management process, allowing healthcare providers to spend more time caring for their patients.
Contacts
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M&A Details
1

Acquired by

Kohlberg Kravis Roberts

announced date

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price

$1.2B

Financials

Funding Rounds
2
2

Number of Funding Rounds

Their latest funding was raised on 24.07.2018. Their latest investor Adams Street Partners. Their latest round Private Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Lightyear Capital

Lightyear Capital

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Sector

Investment Banking and Brokerage Services

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Financial Services, Finance, Venture Capital

Location

New York, NY, USA

total rounds

2

count Of Investments

14

count Of Exists

6
Co-Investors
Investors
4
1

Number of lead investors

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Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
No
Private Equity
Adams Street Partners

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Closed End Investments

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209

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Lightyear Capital

Lightyear Capital

Lightyear Capital is a private equity firm specializing in financial services.

Sector

Investment Banking and Brokerage Services

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Financial Services, Finance, Venture Capital

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total rounds

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count Of Investments

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Mark Vassallo

Mark Vassallo

Mark Vassallo is the Managing Partner of Lightyear Capital and a member of the Investment Committee.

Oak HC/FT

Oak HC/FT

Oak HC/FT is a venture and growth equity investment firm that focuses on healthcare information services and financial service technology.

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Andrew Adams

Andrew Adams

Andrew joined Oak Investment Partners in 2003. He currently serves as General Partner of Oak Investment Partners, and General Partner of Oak HC/FT. Andrew currently serves on the Boards of Limeade, Maestro Healthcare Technologies, One Medical Group, Radisphere National Radiology Group, and xG Health Solutions. Andrew is also actively involved with Benefitfocus, Independent Living Systems, and Precision for Medicine Holdings. Prior investment activity includes American Esoteric Laboratories (acquired by Sonic Healthcare Limited), Argus Information & Advisory Services (acquired by Verisk Analytics), CareMedic Systems (acquired by Ingenix), CLARiENT (acquired by GE Healthcare), Harbor Payments (acquired by American Express), Health Dialog (acquired by British United Provident Association), iHealth Technologies (merged with Connolly), NetSpend Corporation (acquired by TSYS), PayFlex Systems (acquired by Aetna), PharMEDium Healthcare (acquired by Clayton, Dubilier & Rice) and United BioSource (acquired by Medco Health Solutions). Prior to joining Oak Investment Partners, Andrew was a Senior Associate with Capital Resource Partners, a mezzanine capital firm, where he focused on investments in healthcare and business services companies. Andrew was also a Financial Analyst in the media and communications group of Deutsche Banc Alex. Brown. Andrew graduated from Princeton University with a BA in History.

current job

Oak HC/FT
Oak HC/FT
Acquisitions
2
Acquiree Name 
Date 
Price 
Acquisition Name 
The Echo Group acquired by Therapy Brands

The Echo Group acquired by Therapy Brands

acquirer

Therapy Brands
Therapy Brands

date

28.11.2022

type

Acquisition
The Echo Group

The Echo Group

The Echo Group develops and implements enterprise-grade software exclusively for behavioral health organizations in the US.

Sector

Software and Computer Services

Subsector

Software

Keywords

Software, Health Care, Information Technology

Location

North Conway, Conway, NH, USA
NewCropRx acquired by Therapy Brands

NewCropRx acquired by Therapy Brands

acquirer

Therapy Brands
Therapy Brands

date

27.05.2020

type

Acquisition
NewCropRx

NewCropRx

NewCrop is a company that provides electronic prescribing services for EHRs and medical networks.

Sector

Health Care Providers

Subsector

Health Care Services

Keywords

Health Care, Software

Location

Houston, TX, USA

People

Employee Profiles
16
Amber R. Thomas

Amber R. Thomas

Chief Compliance Officer

Jason McNeil

Executive Vice President, Service Solutions

Kevin Smith

EVP, General Manager

Maria Perrin

Maria Perrin

Chief Revenue Officer (CRO)

Kelley Blair

Kelley Blair

Chief Operation Officer

Rob Sutton

Rob Sutton

SVP, Customer Care

Matthew Loughran

Matthew Loughran

Director Strategic Marketing

James Hughes

James Hughes

Chief Technology Officer

Activity

Recent News
5
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

week