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Investment group to buy Birmingham health tech company for $1.2 billion Updated Apr 13, 2021; Though financial terms were not disclosed, Bloomberg is reporting the deal totals $1.2 billion. Founded in 2013, Therapy Brands is a practice management and electronic health record software platform for healthcare providers. Its products are used by more than 28,000 practices across the U.S., ranging from individual providers to national multi-location practice groups. The company employs more than 500 people nationally. KKR, based in New York, is acquiring the company from 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 as a minority shareholder. ....