Patterson Companies Acquires Developer and Marketer Of Industry-Leading Practice Management Software for Physical Therapists
Business Wire, Nov 5, 2007
ST. PAUL, Minn. — Patterson Companies, Inc. (Nasdaq:PDCO) today announced the acquisition of Advanced Practice Systems (known in the marketplace as PTOS Software), the developer and marketer of the industry-leading practice management software for physical therapists. PTOS will become part of Patterson Medical, Patterson’s rehabilitation supply and equipment unit. Terms of the transaction were not disclosed.
PTOS practice management software provides physical therapists with billing, scheduling, documentation and business management capabilities. PTOS has established a leading share in the highly fragmented physical therapy software market and is endorsed by the leading provider networks in the rehabilitation market.
PTOS users extend from sole practitioners to large health care organizations operating multiple physical therapy clinics. The software also has customers and applications in the hospital, occupational therapy, chiropractic, speech therapy and home health care markets.
David P. Sproat, president of Patterson Medical, commented: “The acquisition of PTOS software marks another step forward in our drive to expand and strengthen Patterson Medical’s full-service, value-added business platform. While PTOS will not have a material impact on current operations, we believe this product line is strategically important, since it should enable Patterson Medical to attract new customers as well as deepen relationships with our existing customer base.”
About Patterson Companies, Inc.
Patterson Companies, Inc
Aug 19, 2009
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