ReDoc Completes Sale to Net Health
Brentwood Capital Advisors Serves as Exclusive Financial Advisor to ReDoc
Brentwood Capital Advisors LLC is pleased to announce that it served as the exclusive financial advisor to The Rehab Documentation Company (“ReDoc”) in its sale to Net Health, a portfolio company of Spectrum Equity.
Headquartered in Brentwood, TN, ReDoc is a leading provider of integrated clinical EMR and management solutions for the growing physical, occupational, and speech therapy markets. With clinical, technical and management experience in the therapy industry, ReDoc understands the unique business and clinical needs of physical therapists, occupational therapists and speech-language pathologists. Net Heath is a leader in software solutions for outpatient specialty care, serving wound care, urgent care, occupational medicine, employee health and workplace medicine facilities.
Bill Southwick, CEO of ReDoc, commented, “The ReDoc team constantly develops and improves our products and services for an increasingly sophisticated rehabilitation customer base. As a component of Net Health’s integrated outpatient solutions, ReDoc has the opportunity to surpass customer expectations of service, integration, and connection to the broader patient care community. Brentwood Capital Advisors, our investment banking advisor, played an important role in negotiating, structuring and closing this transaction. We were impressed by Brentwood Capital’s expertise and thoughtfulness in positioning the Company’s strong market position in rehabilitation therapy software and in helping us navigate complex transaction document negotiations and the comprehensive diligence process.”
“Due to clinical and regulatory complexities, rehabilitation requires highly specialized EMR and practice management solutions. ReDoc’s niche products have positioned the Company as the leader in the rehab space, as witnessed by its blue chip customer base of the biggest hospital-owned therapy services providers,” added Tom Wylly, Senior Partner of Brentwood Capital Advisors. “We were extremely impressed by Bill Southwick and his team and were pleased to advise ReDoc on this important transaction.”
About The Rehab Documentation Company
ReDoc has been the leader in therapy documentation and management software for nearly two decades. With clinical, technical and management experience in the therapy industry, ReDoc understands the unique business and clinical needs of physical therapists, occupational therapists and speech-language pathologists in hospitals and private practices. ReDoc is focused on providing solutions for therapists to efficiently document patient care to improve reimbursement, increase profitability, and, most importantly, enhance patient care and satisfaction. All of the company’s solutions maintain current industry standards with Microsoft and HL-7 and are interoperable with multiple office systems.
About Brentwood Capital Advisors LLC
Based in Franklin, TN, Brentwood Capital Advisors is an independent investment banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has twelve investment banking professionals. For additional information please go to our at www.brentwoodcapital.com.