On April 21, 2022, TheraOffice, an industry-leading practice management platform for physical therapy and rehabilitation practices, completed its sale to the Netsmart portfolio. This addition expands the Netsmart CareFabric® platform to deliver workflows for therapy providers to better connect to all venues of healthcare.
The Healthcare Investment Banking practice of Kroll served as an exclusive sell-side M&A advisor to TheraOffice in connection with the transaction.
TheraOffice® is the only EMR (electronic medical record) and practice management software solution designed by physical therapists to be the most adaptable to the unique business and clinical needs of physical therapists. The company offers a fully integrated software that provides practical solutions to simplify the complexity of practice management with scheduling, documentation, billing, reporting and faxing in an easy-to-use on-site or web application. Founded in 2001, TheraOffice continues to be a leader in electronic medical record and practice management software. Supporting thousands of clinical practices in the U.S. and throughout the world, TheraOffice provides the most current, easy-to-use and efficient tools to improve clinical management.
Netsmart, a leading provider of Software-as-a-Service (SaaS) technology and services solutions, designs, builds and delivers electronic health records (EHRs), health information exchanges (HIEs), analytics and telehealth solutions and services that are powerful, intuitive and easy-to-use. The company's platform provides accurate, up-to-date information that is easily accessible to care team members in the human services and post-acute care (which is comprised of home care and hospice and senior living) markets. Netsmart makes the complex simple and personalized so their clients can concentrate on what they do best: provide services and treatment that support whole-person care. Netsmart's streamlined systems and personalized workflows put relevant information at the fingertips of users when and where they need it. Netsmart's more than 2,500 associates work hand-in-hand with their 680,000+ users across the U.S. to develop and deploy technology that automates and coordinates everything from clinical to financial to administrative.