Raintree Systems Announces Significant Growth Investment from Serent Capital

Investment will continue to advance product innovation and support growth

AUSTIN, Texas & SAN FRANCISCO--(BUSINESS WIRE)--Raintree Systems ("Raintree"), a leading provider of electronic health record (EHR) and revenue cycle management (RCM) software solutions to the therapy market, announced it received a significant investment from Serent Capital, a growth-focused firm that invests in technology companies. The investment will allow Raintree to continue innovating and building its market leading therapy software platform.

Founded more than 36 years ago by Richard and Lorraine Welty, Raintree has evolved into the preeminent provider of EHR and practice management solutions to therapy and rehabilitation clinics. The company's practice management platform allows therapists to manage therapy clinics more efficiently by improving workflow productivity. The platform automates manual processes and offers intuitive analytics and simplified reporting for clinicians to ease staff's workload and optimize business operations. The company's solutions are used by hundreds of customers nationally.

"Since our founding, our passion has been delivering superior software solutions and building a great company to serve our customers. We're thrilled to work hand-in-hand with Serent and their team to provide valuable software and relationship-first customer service to more customers," stated Lorraine Welty, Co-Founder of Raintree Systems.

Kevin Frick, Partner at Serent Capital added, "Raintree is the preeminent platform for enterprise and mid-sized therapy providers. The team has done a fantastic job of creating a robust, feature-rich product. Their passion for both their customers and their product showed up clearly in the overwhelmingly positive feedback we received from customers. We look forward to partnering with them as they enter the next chapter of growth."

Raintree provides one of the most complete and comprehensive therapy & rehabilitation software platforms in the industry and empowers therapists and operators that desire to grow their business. Through their approach to creating improvements in operational efficiency and increased productivity, they have become the preferred value creator for 6 out of the 10 largest physical therapy (PT) groups in the country.

Serent is an active investor in the healthcare market, having invested in over 20 healthcare technology companies in the last 10 years. Recent investments include Employer Direct Healthcare, Procurement Partners, and Hybrent. To learn more about Serent's partnership with healthcare companies, visit: https://www.serentcapital.com/healthcare/.

About Serent Capital

Serent Capital invests in growing businesses with compelling solutions that exceed customer needs. As businesses grow and evolve, the opportunities and challenges they face change with them. The principals at Serent Capital have firsthand experience navigating growth through their experiences as CEOs, strategic advisors, and board members to successful businesses. Serent leverages their expertise and capital to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.

About Raintree Systems

Raintree Systems is a leading provider of electronic health record (EHR) and revenue cycle management (RCM) software solutions to the therapy market. Raintree's EHR and practice management solutions are used by more than 25,000 users across North America. Raintree's commitment to "Software-as-a-Relationship" uniquely distinguishes them from other providers in the market. To learn more about Raintree, visit: https://www.raintreeinc.com/.