Lowenstein represented Clinicient, a portfolio company of Catalyst Investors, in its acquisition by WebPT, the leading outpatient physical rehabilitation SaaS platform for patient and practice management services. 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.
Clinicient, headquartered in Portland, Oregon, provides technology and data solutions that enable providers to improve clinical outcomes and deliver and report on patient care experiences. Clinicient's Insight and Insight Go platforms provide an integrated EMR, billing, and business intelligence solution to outpatient rehab therapy practices.
WebPT will continue to support Clinicient's platforms and customers as it works to integrate the companies' operations. Combined, the two companies serve more than 27,000 clinics and 43 million patients, providing unprecedented scale in outpatient rehab therapy and a complete software platform for organizations of all sizes.
Catalyst Investors is a growth equity venture capital firm investing in technology-enabled businesses.
Financial terms of the transaction were not disclosed.
The Lowenstein deal team included Michael A. Brosse, David J. Yovanoff, Darren Goodman, Matthew P. Hintz, Zarema A. Jaramillo, Marc S. Kurzweil, Megan Monson, Michael Walutes, Manali Joglekar, Bryan Sterba, Taryn E. Cannataro, Brianna M. Ferrante, and Sydney J. Kaplan.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, New Jersey, Palo Alto, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.