Sheridan Capital Partners acquires physical therapy software platform PtEverywhere

Sheridan Capital Partners has completed an undisclosed investment in PtEverywhere, a Raleigh, North Carolina-based practice management and integrated payments software platform serving outpatient physical therapy and related rehabilitation providers.

PtEverywhere provides an integrated practice management platform that enables physical therapy clinics to manage scheduling, clinical documentation, billing and collections through a single workflow.

The platform primarily serves small and mid-sized physical therapy practices, including those operating on cash-pay and hybrid reimbursement models. Following the transaction, current CEO Andrew Shofner will continue to lead the business under Sheridan’s ownership.

> "Andrew and the PtE team have driven an impressive operational and technological transformation of the company," said Jacob Greenberg at Sheridan Capital Partners.

Greenberg added that the firm is confident PtE’s scalable infrastructure, differentiated technology and disciplined operating model will support both organic growth and strategic add-on acquisitions.

The transaction was led by Jacob Greenberg, Aman Singla and Noah Benson at Sheridan Capital Partners.

Sidley Austin served as legal counsel to Sheridan, while Goodwin Procter served as legal counsel and Kaizen Equity Partners served as financial advisor to PtEverywhere.