• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

HP OMEN 35L Gaming Desktop

August 1, 2025

Motorola Moto G56 review: A solid, stylish budget buy

August 1, 2025

Oppo A5 Pro 5G review: Solid but sluggish

August 1, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Startup»Portland healthcare startup GrowthPlug acquired amid slowdown in exit activity – Startup
Startup

Portland healthcare startup GrowthPlug acquired amid slowdown in exit activity – Startup

September 22, 2022Updated:September 22, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Portland healthcare startup GrowthPlug acquired amid slowdown in exit activity – GeekWire
Share
Facebook Twitter LinkedIn Pinterest Email
CEO Sudhir Bhatti, left, and COO Shavita Bhatti, co-founders of GrowthPlug. (GrowthPlug Picture)

PracticeTek, a Knoxville, Tenn.-based funding agency that targets healthcare software program firms, has acquired Beaverton, Ore.-based healthcare software program startup GrowthPlug.

The startup will proceed to be led by husband-and-wife co-founders Sudhir Bhatti, who’s the CEO, and Shavita Bhatti, the corporate’s chief working officer. Its 50-person staff primarily based within the U.S. and India will even proceed to work for the corporate following the shut of the acquisition. Phrases of the deal weren’t disclosed.

Based in 2016, GrowthPlug goals to assist healthcare practices purchase, retain and serve sufferers by automating numerous workplace administration programs. It really works with dentists, veterinarians and spa practitioners, amongst others. The corporate moved its headquarters from Silicon Valley to the Portland area in a bid to develop its staff with the tech expertise within the space.

The deal comes at a time when there was a slowdown in startup exit exercise within the broader market. GrowthPlug will likely be simply the twentieth startup primarily based within the Pacific NorthWest to be acquired up to now in 2022, in comparison with about 60 for all of 2021, in response to Startup’s M&A and IPO listing. In 2019, the startup raised $1 million from Elevate Capital, which is able to money out on its place following the transaction.

A bevy of startups are zeroing in on healthcare-focused software program. In January, BirchAI, a spinout from the Allen Institute for Synthetic Intelligence, raised $3.1 million in seed funding for its software program that streamlines buyer assist for healthcare firms. In September, telehealth startup 98point6 inked a cope with Tacoma, Wash.-based MultiCare Well being System to license its digital care supply platform.

See also  Seattle startup raises $13.5M to help developers build AI-driven applications on the blockchain – Startup

“Impartial healthcare practices are more and more targeted on rising their affected person base, in addition to having a unified on-line presence,” PracticeTek CEO Eric Leaver mentioned in a press release. “GrowthPlug is a market chief on this class and is well-positioned to capitalize on the wave of digitization in observe software program.”

The acquisition will add to the PracticeTek’s portfolio of healthcare software program firms. The corporate says these investments gives founders with particular person wealth, permitting them to run and develop their enterprise, in addition to work with different entrepreneurs of their business. It’s backed by buyers Lightyear Capital and Larger Sum Ventures.



Source link

acquired Activity exit GrowthPlug Healthcare Portland slowdown Startup
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can Pepper Content Save The Creator Economy From The AI Monster?

March 24, 2023

Former Chef CEO joins Buildkite board; Salesforce hires Code.org exec – Startup

March 24, 2023

Bob Metcalfe, The Man Who Discovered Network Effects, Isn’t Sorry

March 24, 2023

The Future Of Education Will Tap AI, Not Be Replaced By It, This Founder Says

March 24, 2023
Add A Comment

Comments are closed.

Editors Picks

The Rebellion Amazon Can No Longer Ignore

January 25, 2023

Samsung Galaxy A54 vs Galaxy A14: Which phone you should buy?

September 20, 2023

How Does the Apple Watch’s New Double Tap Work?

September 18, 2023

Best Newegg deals for September 2022

August 28, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

HP OMEN 35L Gaming Desktop

Motorola Moto G56 review: A solid, stylish budget buy

Oppo A5 Pro 5G review: Solid but sluggish

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.