Investment Summary

Greater Sum Ventures and Welsh Carson Anderson & Stowe Invest In Owl Practice Suite

On February 1, 2021, private equity firms Greater Sum Ventures and Welsh Carson Anderson & Stowe invested in internet software and services company Owl Practice Suite

Investment Highlights
  • This is Greater Sum Ventures’ 2nd and Welsh Carson Anderson & Stowe’s 5th transaction in the Internet Software and Services sector.
  • This is Greater Sum Ventures’ 9th and Welsh Carson Anderson & Stowe’s 88th transaction in the United States.
  • This is Greater Sum Ventures’ 7th and Welsh Carson Anderson & Stowe’s 10th transaction in Tennessee.

Investment Summary

Date 2021-02-01
Target Owl Practice Suite
Sector Internet Software and Services
Investor(s) Greater Sum Ventures
Welsh Carson Anderson & Stowe
Deal Type Growth Capital

Target

Owl Practice Suite

Knoxville, Tennessee, United States
Owl Practice Suite is a web-based platform includes simple-to-use Scheduling, client data management, note-taking, invoicing, collections, and dashboard modules. Owl is accessible from anywhere, automatically backed-up, and uses bank-level encryption to help practices achieve compliance. Owl Practice Suite is based in Knoxville, Tennessee.

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Investor(S) 2

DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.


DEAL STATS #
Overall 9 of 12
Sector (Internet Software and Services) 2 of 2
Type (Growth Capital) 6 of 7
State (Tennessee) 7 of 7
Country (United States) 9 of 12
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 MedSuite

Knoxville, Tennessee, United States

MedSuite is a software company serving the behavioral health market with a broad portfolio of technology solutions. Focused on providing differentiated clinical and back-office tools for both outpatient and inpatient behavioral health facilities, MedSuite's solutions help manage electronic health records (EHR), medication administration records (eMAR), treatment programs, and revenue cycle management. MedSuite is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Petvisor

Orlando, Florida, United States

Petvisor delivers a suite of mobile-enabled technologies into the hands of pet care professionals - helping them give their pet families the service they deserve. Petvisor is based in Orlando, Florida.

Buy -
Investor

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 92 of 103
Sector (Internet Software and Services) 5 of 6
Type (Growth Capital) 11 of 12
State (Tennessee) 10 of 11
Country (United States) 88 of 98
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Kiniciti Bio

New York, New York, United States

Kiniciti Bio is a provider of resources, expertise and capital to help partner companies accelerate the advancement and adoption of cell and gene therapies. Kiniciti Bio is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 US Acute Care Solutions

Canton, Ohio, United States

US Acute Care Solutions is a physician-owned integrated acute care platform in the United States, providing physician staffing and management services primarily focused on the emergency department. US Acute Care Solutions serves over 9 million patients annually through over 500 programs across 29 states. US Acute Care Solutions was founded in 2015 and is based in Canton, Ohio.

Sell -