WebPT

WebPT was founded in 2008 by Heidi Jannenga and Brad Jannenga.[2] Heidi managed several physical therapy practices, which helped spark the idea for a cloud-based software that would streamline therapists’ documentation processes. [6] Today, Heidi remains at the company as co-founder and Chief Clinical Officer and Ashley Glover is its CEO.[7]

In 2010, the startup received a $1 million funding round from Canal Partners, led by Jim Armstrong.[8]

To expand its billing system, WebPT acquired Health Data Solutions in 2012, a revenue cycle management business that provided billing services primarily to physical therapists and chiropractors.[9]

In 2013, WebPT launched the WebPT Marketplace, an e-commerce site with the goal of selling clinical supplies to WebPT customers at reduced rates.[10]

In June 2014, WebPT received an undisclosed investment from venture capital firm Battery Ventures.[11] Five months later, WebPT acquired WebOutcomes, an online outcomes tracking tool offering evidence-based tests that physical and occupational therapists use to collect objective patient data.[12]

In 2017, WebPT acquired Strive Labs, Inc. a Boston-based company that provided patient relationship management and home exercise technology.[13] The following year in 2018, WebPT acquired Upland, California-based BMS Practice Solutions, a revenue cycle management software company for rehab therapists.[14]

In August 2019, private equity firm Warburg Pincus signed an agreement to buy a majority stake in WebPT from Battery Ventures.[15]

In January 2022, WebPT acquired Oregon-based Clincient, another physical therapy EMR software and its subsidiary Keet Health.[16]

• Official website