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PracticeTek Acquires GrowthPlug to Help Healthcare Practices Modernize
Friday 23 September 2022

US-based retail healthcare market software and payments solutions provider PracticeTek has acquired practice marketing platform GrowthPlug, the company said.

The acquisition adds GrowthPlug to PracticeTek's thriving ecosystem of healthcare software companies, enabling GrowthPlug to turbocharge innovation and accelerate growth.

GrowthPlug will continue to be led by CEO Sudhir Bhatti, COO Shavita Bhatti, and the founding team.

This collaboration will expand support to healthcare practices in acquiring and serving patients with an all-in-one practice SaaS solution, the company said.

GrowthPlug provides mobile-optimized websites, business listings management, social media publishing, reputation management and intelligent analytics, helping doctor's offices to turbocharge their digital presence and accelerate revenue.

GrowthPlug offers an AI-driven software platform enabling practices to automate their front desk operations and accelerate patient acquisition.

The company was initially founded in Silicon Valley in 2016 and moved to Portland, Oregon, in 2019 after securing a USD 1m investment from Elevate Capital, which exits its interest with this transaction.

In 2021, GrowthPlug was featured in Forbes as a Top Tech and AI innovator. A year earlier, the company was named TiE50 Award Winner at TiEcon 2020. GrowthPlug has been backed by Elevate Capital prior to the PracticeTek transaction, which was led by board members Nitin Rai and Doug Knopper. PracticeTek is backed by investors Lightyear Capital and Greater Sum Ventures.

Sampford Advisors acted as investment banking advisor to GrowthPlug.
Date Published: 23/09/2022