SPNet Clinical Solutions

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SPNet Clinical Solutions - overview

Established

2008

Location

Birmingham, AL, US

Primary Industry

Healthcare Specialists

About

SPNet Clinical Solutions is a clinical network specializing in physical and occupational therapy, focusing on managed care services for injured workers to ensure effective rehabilitation and high-quality outcomes. Founded in 2008 and headquartered in Birmingham, US, SPNet Clinical Solutions operates as a clinical network providing specialized therapy services. The company was acquired by MedRisk Inc, a portfolio company of Carlyle Group, in January 2020. There is no mention of significant pivots in their business strategy or subsidiaries.


The founder's history is not available. SPNet specializes in providing a comprehensive clinical network focused on physical and occupational therapy. Their core offerings include a managed care network that leverages clinical expertise to ensure high-quality outcomes for injured workers. The services facilitate the right care by appropriate clinicians, particularly beneficial for companies managing workforce injuries.


SPNet develops proactive rehabilitative programs tailored to clients' unique needs, primarily serving businesses in the United States. Their client base includes employers, insurance payors, and healthcare providers benefiting from SPNet's customized solutions and streamlined claims management. SPNet generates revenue through a structured model that includes partnerships with employers and insurance payors for managed care services and evidence-based programs. The business operates on a B2B framework, with clients engaging SPNet for tailored service agreements that allow flexible pricing based on service volume.


This model emphasizes quality care delivery and operational efficiency, aligning stakeholder interests. Following its acquisition in January 2020, SPNet Clinical Solutions is expected to leverage new resources for expanding its service offerings and geographical reach. The company plans to explore new markets within the United States, although specific regions and timelines for these expansions have not been disclosed. The financial terms of the acquisition were not disclosed, but it is likely that the resources will support the development of upcoming products and enhancements to existing services.


Current Investors

MedRisk, LLC

Primary Industry

Healthcare Specialists

Sub Industries

Chiropractic, Orthopedic & Physical Therapy

Website

www.spnetclinicalsolutions.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

SPNet Clinical Solutions - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedSPNet Clinical Solutions-

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SPNet Clinical Solutions - employee data

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