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WebPT
WebPT was founded in 2006 by Heidi Jannenga, a physical therapist, and her husband Brad Jannenga.
WebPT
WebPT was founded in 2006 by Heidi Jannenga, a physical therapist, and her husband Brad Jannenga. The company started as a web-based platform to digitize patient documentation for PT practices. It has never disclosed direct family-wealth origins or a structured single-family office. The strategy centers on providing electronic medical records (EMR), scheduling, billing, and analytics software for physical, occupational, and speech therapy clinics. WebPT serves over 25,000 clinics and 100,000 clinicians across the US. It operates a subscription model and offers revenue-cycle management services. The firm has not disclosed direct equity holdings in other portfolio companies. WebPT is headquartered in Phoenix, Arizona. The company has not disclosed team size, additional offices, or adjacent philanthropic vehicles. A significant recent event: In June 2021, WebPT was acquired by private equity firm Warburg Pincus from Battery Ventures, per public filings. The acquisition valued the firm at over $1 billion, according to the Wall Street Journal at the time. WebPT's structural differentiator is its highly verticalized focus on physical therapy — a narrow healthcare segment. Unlike broader health-tech platforms, WebPT tailors every feature to PT workflows. The company operates as a standalone operating business without associated investment vehicles or family-office structures.
General information
Firm type
Operating Company
Year founded
2006
AUM
Undisclosed
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
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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