Brentwood-based The Rehab Documentation Company, known as ReDoc, has been acquired by Net Health, a Pittsburgh-based software company.
ReDoc provides integrated electronic medical records and other solutions for physical, occupational and speech therapy markets. Through the deal, terms of which were not disclosed in a release, Net Health intends to expand from the outpatient speciality care market into the rehabilitation sector.
“We saw that the quality of their solution was so well regarded that it was adopted by some of the biggest names in hospital-owned rehabilitation therapy services,” said Anthony Sanzo, Net Health CEO.
Net Health is a portfolio company of Spectrum Equity, a technology-based growth equity firm. Brentwood Capital Advisors served as financial advisor to ReDoc in the transaction.
“The culture and customer-focused approach at Net Health made it a natural fit,” said Bill Southwick, ReDoc CEO. “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, with a combined workforce of nearly 200 employees, ReDoc now has the opportunity to surpass customer expectations of service, integration and connection to the broader patient care community.”