WebPT Receives Investment from Warburg Pincus

Funding Rounds

Summary

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

$ Funding

$
Amount - Total raised
Date August 28, 2019 Announcement date
Investors Warburg Pincus LLC, WebPT Lead investors
Company http://www.webpt.com Funded company

Classifications

industries
HealthTech
applications
Web and Content Management

AskAI Classifications

Labels
Healthcare IT EMR Software Practice Management Software

Linked Companies

WebPT
$100M to $250M