Office Practicum Announces Growth Investment by Pamlico Capital
Summary
“As we enter the second phase of healthcare information technology adoption, both doctors and investors have come to appreciate the value and ROI of specialty solutions,” said Gregory H. Anderson, CEO of OP. “Six years ago, Bluff Point Associates helped a passionate group of entrepreneurs build a solid company around the simple proposition ‘by pediatricians, for pediatricians.’ Today’s investment by Pamlico validates that strategy and continues our journey to the next level of market penetration and expansion.” “We are incredibly excited to partner with co-founder Greg Anderson and the rest of the management team,” said Art Roselle, Pamlico Partner. “OP has built a leading purpose-built, pediatrics-focused HCIT platform that helps drive increased revenue, reduced costs and improved clinical outcomes.” Pamlico Principal Scott Glass added, “We identified specialty electronic health record and practice management software as a growth area over two years ago and have reviewed numerous investment opportunities. “It has been a true pleasure working with the Founders and the executive team at OP,” said Kevin Fahey, Managing Director at Bluff Point Associates. Pamlico Capital seeks control-oriented growth equity investments of up to $100 million alongside founders and proven management teams in its target industries; business & technology services, communications, and healthcare.
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