From the Wires
SRS Receives Substantial Investment From Thoma Bravo
SRS Positioned for Continued Success and Leadership in the Healthcare IT Industry
By: Marketwired .
Jan. 2, 2013 11:01 AM
MONTVALE, NJ -- (Marketwire) -- 01/02/13 -- SRS Software LLC ("SRS"), the leader in productivity-enhancing electronic health record technology and services for high-performance physicians, today announced that it has received a substantial investment from Thoma Bravo, LLC a leading private equity investment firm specializing in information technology. This investment will provide investment capital and strategic support to expand SRS' market share and solidify SRS' position as an industry leader. Evan Steele, CEO and founder of SRS, will continue to lead the senior management team. Financial terms were not disclosed.
"SRS is an established leader in the ambulatory healthcare IT industry, and we look forward to partnering with existing management to build upon the company's first-class solutions and loyal customer base," said Thoma Bravo managing partner Scott Crabill. "The company's unwavering dedication to the needs of physicians is validated by its consistent industry-leading KLAS ratings for customer service and satisfaction."
"We believe that SRS is an ideal fit for Thoma Bravo's investment strategy of accelerating growth through operational best practices and acquisitions," added Arvindh Kumar, a vice president at Thoma Bravo.
"Since its creation in 1997, SRS has grown rapidly by increasing physician productivity and delivering excellent service," says Evan Steele, CEO of SRS. "The investment in SRS reflects Thoma Bravo's confidence in our mission and ability to support physicians as they strive to efficiently provide the highest-quality patient care in the face of ever-increasing regulatory and payer demands. Our partnership will help SRS continue to provide physicians with the IT tools they need for future success."
Headquartered in Montvale, New Jersey, SRS has more than 5,200 providers across the orthopaedic, ophthalmology, cardiology and other specialty ambulatory physician markets.
About Thoma Bravo, LLC
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