Sioux Falls, S.D. (May 4, 2016) – DocuTAP, Inc. (“DocuTAP” or “the Company”), a leading provider in healthcare technology for urgent care, announced today that it has been acquired by Warburg Pincus, a global private equity firm focused on growth investing. Terms of the transaction were not disclosed.
DocuTAP provides software for electronic medical records, practice management software and revenue cycle management for more than 1,300 urgent care and primary care clinics. The Company has grown significantly in the last several years, expanding its workforce, and adding 350 urgent care clinics to its network in the last year alone.
DocuTAP is led by founder and Chief Executive Officer Eric McDonald, who formed the Company in 2000 after anticipating the future need for mobile, hand-held devices in the healthcare industry.
Mr. McDonald commented, “We’re grateful for the many people and partners that have helped make DocuTAP what it is today. Warburg Pincus is the ideal partner to position us for a future of growth as we expand our product line. I’m excited that they share our vision for the future of DocuTAP in leading the on-demand healthcare market.”
“Convenience, simplicity, and speed are what consumers want,” said Vishnu Menon, Managing Director, Warburg Pincus. “As the leader in urgent care technology, DocuTAP is positioned to take the reins in the on-demand healthcare market. We look forward to partnering with Eric and the rest of the leadership team to support their strategy of increasing the Company’s market presence, continuing its rapid expansion, and bolstering its product line.”