Thoma Bravo has made a “substantial” investment in SRS Software. Financial terms were not announced. Montvale, N.J.-based SRS provides electronic health record technology and services for physicians.
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.
SRS is the leading provider of productivity-enhancing EHR technology and services for high-performance physicians—with a successful adoption rate unparalleled in the industry. Offered via the Unified Desktop™, the robust SRS EHR, Practice Management, PACS, and Patient Portal increase speed, boost revenue, free physicians’ time, and heighten patient care and satisfaction. For more information on SRS, visit www.srssoft.com, e-mail email@example.com, fax 201.802.1301, or call 800.288.8369.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has completed 58 add-on acquisitions across 26 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.