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WebPT

WebPT is a Phoenix, Arizona-based company founded in 2008. It provides web-based electronic medical record systems for physical therapists. WebPT has secured...

WebPT

WebPT is a Phoenix, Arizona-based company founded in 2008. It provides web-based electronic medical record systems for physical therapists. WebPT has secured $44 million in total funding.

General information

Firm type

Operating Company

Year founded

2006

Location

Region

North America

Country

United States

City

Phoenix

Corporate office

Phoenix, AZ, United States

Principals

Heidi Jannenga

Co-Founder, President

Brad Jannenga

Co-Founder, Chief Product Officer

Sector focus

Digital HealthHealthcare ServicesEnterprise Software

Frequently asked questions

Who owns WebPT?

WebPT is owned by private equity firm Warburg Pincus, which acquired a majority stake in June 2021 from Battery Ventures (per Wall Street Journal, June 2021). The co-founders Heidi and Brad Jannenga remain involved.

How does WebPT generate revenue?

WebPT generates revenue primarily through SaaS subscriptions for its EMR, scheduling, and billing software. It also offers revenue-cycle management services on a fee basis.

Does WebPT invest in other companies?

WebPT does not appear to operate as an investment vehicle. It is structured as an operating company, focused on growing its own software business rather than making external equity investments.

What market does WebPT serve?

WebPT serves the US outpatient physical, occupational, and speech therapy market. The firm claims over 25,000 clinic locations and 100,000 clinicians on its platform.

Is WebPT part of a family office?

No. WebPT is an operating company owned by private equity. It does not manage outside capital or have disclosed family-office structures.

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