WASHINGTON (dpa-AFX) - Investment firm KKR Wednesday said it has agreed to acquire a majority interest in Therapy Brands 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.
Founded in 2013, Therapy Brands provides end-to-end, purpose-built software solutions to streamline the full clinical, administrative and reimbursement workflows of healthcare professionals in multiple end markets.
'Provider and patient friendly technology-enabled solutions are more important than ever as the demand for mental and behavioral health services continues to rapidly increase,' said Kimberly O'Loughlin, CEO of Therapy Brands.
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