KKR to Acquire Therapy Brands
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BIRMINGHAM, Ala. and NEW YORK, April 7, 2021 /PRNewswire/
KKR, a leading global investment firm, announced today that it has agreed to acquire a majority interest in Therapy Brands (the Company ), a leading practice management and electronic health record (EHR) software platform for mental, behavioral, substance use recovery, applied behavior analysis (ABA) and physical rehabilitation healthcare providers, from its existing shareholders – investment funds affiliated with Lightyear Capital LLC, Oak HC/FT and Greater Sum Ventures. Existing investor PSG will participate in the transaction alongside KKR and continue to be a minority shareholder in Therapy Brands. Financial details of the transaction were not disclosed.
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