April 9, 2021
KKR will acquire Therapy Brands, a practice management and electronic health record (EHR) software platform for mental, behavioural, substance use recovery, applied behaviour analysis (ABA) and physical rehabilitation healthcare providers.
Founded in 2013, Therapy Brands provides end-to-end, purpose-built software solutions to streamline the full clinical, administrative and reimbursement workflows of healthcare professionals in multiple end markets. Its technology platforms support the daily operations of more than 28,000 practices across the U.S., ranging from individual providers to national multi-location practice groups.
Kimberly O’Loughlin, CEO of Therapy Brands, said: “Provider and patient friendly technology-enabled solutions are more important than ever as the demand for mental and behavioural health services continues to rapidly increase. We are excited to welcome KKR as our new investor, which brings a deep understanding of the healthcare sector and extensive experience in scaling technology-enabled platforms. This support will help us accelerate our mission of making it easier for providers to navigate an increasingly complex administrative landscape so they can spend more time and focus on delivering improved outcomes for their clients.”
Max Lin, Partner at KKR, added: “We are delighted to be backing Therapy Brands at a time when there is increasing recognition and social awareness about the importance of mental health. Therapy Brands has developed an impressive portfolio of best-in-class software tools and mission-critical solutions to help mental health providers modernize their practices. We look forward to working with the team in accelerating the growth of the platform and finding additional ways of delivering enhanced value to its clinicians.”