– USA, WI – DotCom Therapy, the most comprehensive pediatric teletherapy provider, today announced having raised $13m Series A funding led by New Capital Partners with participation from LRVHealth and OSF Ventures.
Concurrent the funding, Will Cowen, general partner of LRVHealth, Stan Lynall CPA, VP investments for OSF Ventures, and James Outland, managing partner of New Capital Partners have joined DotCom Therapy’s Board of Directors alongside Mark Bakken of HealthX, Dr. Colleen Kraft, 2018 President of the American Academy of Pediatrics, and Rachel Mack Robinson, DotCom Therapy’s founder and president.
DotCom Therapy will use the capital to advance the features and functionality of its proprietary technology, Zesh, grow its customer base of schools across the country, and scale its partnerships with providers and payers in the healthcare industry.
DotCom Therapy currently provides services for over 400 schools and health systems across 38 states. For example, Akeela Inc., one of Alaska’s oldest and most diverse Behavioral Health programs, offers preventative mental health services to 18 communities throughout the state. Through its partnership with DotCom Therapy, Akeela implements collaborative care pathways and teletherapy services to children and families in rural and urban communities in southcentral and southeast Alaska.
“This funding will fuel our expansion across healthcare systems, where the widespread therapist shortage is overburdening staff, greatly impacting the patients and families they serve,” said founder and president, Rachel Robinson. “Through the work, we’re doing with OSF Healthcare, the direct access LRVHealth can provide through its network of strategic health system partners, and New Capital Partners’ experience building healthcare and telehealth companies, we believe we have the right team in place to grow our partnerships with health systems and payers by ensuring we’re delivering the technology and support to reach more kids in need.”
As a trained speech-language pathologist, Robinson founded DotCom Therapy in 2015 after working at a neurology clinic. Through that work, she witnessed firsthand how the shortage of qualified therapists and difficulty accessing care negatively impacted children’s growth and development. Through its diverse network of qualified therapists, DotCom Therapy now provides the highest quality mental health counseling, speech therapy, occupational therapy, and behavioral services to schools, healthcare systems, and families across the country.
“DotCom Therapy is already a major disruptor in pediatric teletherapy across the education and healthcare sectors. This funding will help expand their reach into healthcare systems that desperately need high-quality mental health resources during this critical time,” said Jim Outland. “DotCom Therapy’s comprehensive services, 5-star patient ratings, and 97% retention rate of its unparalleled roster of professional therapists is an outstanding fit for any health system that needs to expand the help and resources they can offer to children in need.”
“The pandemic drew a spotlight on the mental health crisis impacting children and families,” said Rachel Robinson. “DotCom Therapy is a proven solution to the ongoing therapist shortage that benefits patients while improving operational and financial performance for healthcare systems, making it a win/win for all.”
About New Capital Partners
New Capital Partners is a private equity firm comprised of former operators headquartered in Birmingham, Alabama. NCP makes investments in niche technology and services companies in the healthcare, financial, and business services industries. Leveraging their extensive operational experience, NCP helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies.
For more information: https://newcapitalpartners.com/
About DotCom Therapy
DotCom Therapy is the most comprehensive pediatric teletherapy provider for healthcare and educational organizations serving families across the nation. With a 5-star patient rating and 97% retention among its network of professional therapists, DCT provides the flexibility families and organizations require to meet the mental health, behavioral, speech, and occupational therapy needs of children in their care. DCT is headquartered in Madison, Wisconsin with team members and therapists located across the United States.
For more information: https://www.dotcomtherapy.com/
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