Webpt Acquires Clinicient

Jan 19, 2022•over 3 years ago

Acquiring Company

WebPT

Acquired Company

Clinicient

PhoenixSoftwareConsumer GoodsHealth CareOtherSoftware

Description

WebPT, the leading outpatient physical rehabilitation SaaS platform for patient and practice management services, today announced the acquisition of Clinicient and its subsidiary Keet, effective January 18, 2022, following regulatory review. The acquisition provides additional scale and industry expertise to fuel innovation from the combined companies to improve patient outcomes, enable digital transformation of the front office and deliver actionable business intelligence. Financial terms of the transaction were not disclosed.

Company Information

Company

WebPT

Location

Phoenix, Arizona, United States

About

WebPT is the leading rehab therapy platform for patient and practice management services. WebPT's product suite provides a robust end-to-end solution covering the entire rehab therapy business cycle, including patient engagement, documentation solutions to deliver quality, evidence-based care, and billing and Revenue Cycle Management (RCM) services. With a 99% retention rate and an uptime rate in excess of 99.9% across its entire platform, WebPT is the most-trusted and most-reliable solution in the industry, regardless of practice setting, specialty or size. WebPT's growth has earned it a spot on the Inc. 5000 list of the nation's fastest-growing companies nine years in a row.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed