Net Health Acquires The Rehab Documentation Company (ReDoc): Physical, Occupational, and Speech Therapy Software Leader

PITTSBURGH, June 3, 2014 /PRNewswire/ -- Net Health, the leading provider of software solutions for outpatient specialty care, announced today its acquisition of The Rehab Documentation Company (ReDoc), a provider of integrated clinical EMR and management solutions for the growing physical, occupational, and speech therapy markets.

Net Health CEO, Anthony Sanzo, explains the motivation to move into the rehabilitation sector, "At over 25,000 facilities today, this is a large, underpenetrated, and highly fragmented market. Based on the practice management, clinical, regulatory, and financial needs of therapists and facilities, a highly specialized solution is required. It plays right into our core strength of providing perfectly fitted software to outpatient specialty markets."    

ReDoc is a standout in the sector because it created a valuable focus on hospital-based outpatient facilities. Sanzo states, "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."

ReDoc CEO, Bill Southwick, adds, "The culture and customer-focused approach at Net Health made for a natural fit. 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."   

Net Health executives are complimentary about ReDoc's development to date and deep roots in the rehabilitation market. Sanzo shares, "This is fertile ground, as we expect rapid adoption of rehabilitation solutions in general. The ReDoc acquisition allows us to extend rehabilitation solutions to our customers who would like us to support more needs of their outpatient facilities, as well as build a new rehabilitation focused client base."

Net Health is a portfolio company of Spectrum Equity and is advised by Healthcare Growth Partners. Terms of the transaction were not disclosed. Brentwood Capital Advisors LLC served as exclusive financial advisor to The Rehab Documentation Company in the transaction.