Exponential Growth Continues at Outpatient Specialty Care Software Leader, Net Health

PITTSBURGH, Nov. 7, 2013 /PRNewswire/ -- Net Health, the leader in software solutions for outpatient specialty care, has announced significant revenue growth and a doubled employee base over the past 18 months.

Fueled by an investment from Spectrum Equity in June 2012, Net Health has since acquired two companies and generated substantial organic growth, reporting a nearly 50% year over year growth rate. Margins remain strong through expansion into new markets, as the company's strategy to create a best in class software platform for outpatient specialty care advances.

"The need for ever improving technology and services in healthcare persists, and Net Health will continue to lead in providing software solutions in the outpatient specialty care market," commented Net Health CEO, Anthony Sanzo. "Our goal is not to grow for the sake of growing, but to grow into markets where we know our technology will help clients as they improve outcomes and minimize costs associated with treatment."

Net Health is devoted to its corporate culture, as well. For the seventh consecutive year, Net Health was recognized as one of the Best Places to Work and one of the 100 Fastest Growing Companies by the Pittsburgh Business Times.

About Net Health

Net Health is the leader in software solutions for outpatient specialty care. The company's certified Electronic Health Records (EHR) are utilized by more than 30,000 healthcare professionals in more than 1,800 facilities to record clinical procedures and drive financial results while improving patient care and outcomes. The WoundExpert® software provides integrated clinical, financial, and regulatory solutions to enhance patient care and facility performance across the wound care continuum. Net Health's database of over 6 million patient encounters represents the largest independent source of chronic wound benchmarking data in the industry. Agility EHR® 10 is the only ARRA-certified and CCHIT Certified® 2011 Complete EHR that addresses the needs of urgent care and occupational health providers, as well as hospital employee health, available in both an individual provider and enterprise health system configurations. The Agility software has served hospitals for more than 20 years and tracks data for one million healthcare workers in the US. Learn more at www.nhsinc.com.

About Spectrum Equity

Spectrum Equity is a leading growth equity firm that provides capital and strategic support to innovative companies in the information economy.  In addition to Net Health, Spectrum's current and historical healthcare investments of note include HealthMEDX, a provider of long-term and post-acute care technology; Passport Health Communications, a provider of patient access solutions for hospitals and physicians; and QTC Management, the nation's largest provider of outsourced disability evaluations (acquired by Lockheed Martin).  Spectrum is an active investor in Software & Information Services and Internet & Digital Media businesses including Ancestry.com (ACOM, acquired by Permira), Demand Media (DMD), iPay Technologies (acquired by Jack Henry), lynda.com, NetQuote (acquired by BankRate), Passport Health Communications, Pictometry, RiskMetrics Group (RISK, acquired by MSCI), Seamless, SurveyMonkey, and World-Check (acquired by Thomson Reuters). Founded in 1994 with offices in Boston and Menlo Park, Spectrum has raised $4.7 billion in capital across six funds.

SOURCE Net Health