M&A Deal Summary

WebPT Acquires Clinicient

On January 18, 2022, WebPT acquired internet software and services company Clinicient from Catalyst Investors

Acquisition Highlights
  • This is WebPT’s 1st transaction in the Internet Software and Services sector.
  • This is WebPT’s 4th transaction in the United States.
  • This is WebPT’s 1st transaction in Oregon.

M&A Deal Summary

Date 2022-01-18
Target Clinicient
Sector Internet Software and Services
Buyer(s) WebPT
Sellers(s) Catalyst Investors
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Lowenstein Sandler LLP (Legal)

Target

Clinicient

Portland, Oregon, United States
website
Clinicient provides web-based practice management systems for Outpatient Rehabilitation practices, giving physical therapy clinics patient scheduling, clinical documentation (EMR), billing and reporting software. Clinicient was founded in 1998 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

WebPT

Phoenix, Arizona, United States

website


Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

WebPT is an EMR for physical therapists (PTs), occupational therapists (OTs) and speech-language pathologists (SLPs). Offering a simple, affordable solution, WebPT makes it easy for therapists to transition from paper and outdated software to a user-friendly, cloud-based system. With WebPT, therapists, directors and front office staff all have access to their patients’ medical records anywhere, anytime. WebPT was founded in 2006 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Oregon) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 BMS Practice Solutions

Upland, California, United States

BMS Practice Solutions is a provider of state-of-the-art technology and software services to outpatient physical therapy organizations across the country.

Buy -

Seller(S) 1

SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.


DEAL STATS #
Overall 37 of 38
Sector (Internet Software and Services) 10 of 10
Type (Add-on Acquisition) 19 of 19
State (Oregon) 2 of 2
Country (United States) 35 of 36
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 BrightFarms

Irvington, New York, United States

BrightFarms is a provider of locally grown packaged salads, serving the freshest, tastiest, and most responsibly grown produce to consumers nationwide. BrightFarms operates hydroponic greenhouse farms in the communities it serves, enabling it to eliminate time, distance, and costs from the food supply chain. BrightFarms’ growing methods, a model for the future of scalable, sustainable local farming, use far less energy, land, and water than long-distance, field-grown agriculture. BrightFarms is based in Irvington, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Datavail

Broomfield, Colorado, United States

Datavail is a provider of remote database administration (DBA) services in North America. Datavail offers 24/7 managed database services, database design, architecture, and staffing. The company specializes in Oracle, Oracle E-Business Suite, Microsoft SQL Server, MySQL, MongoDB, DB2 and SharePoint, and provides flexible onsite, offsite, and offshore delivery options to meet each customer's unique business needs. Datavail was founded in 2007 and is based in Broomfield, Colorado.

Sell -