Lightyear Capital Recapitalizes PracticeTek with Greater Sum Ventures

PracticeTek Acquires Integrated Practice Solutions (IPS)

September 5, 2023

Healthcare Services

PracticeTek has merged with Integrated Practice Solutions (IPS), with the combined business retaining the PracticeTek brand and Lightyear Capital remaining the majority owner. Greater Sum Ventures will continue its investment, Waud Capital is reinvesting as a minority investor, and IPS CEO George Ahn will lead the combined company as CEO to expand PracticeTek's retail healthcare software and payments platform.

PracticeTek Acquires GrowthPlug

September 22, 2022

Healthcare Services

PracticeTek has acquired GrowthPlug, an AI-driven practice marketing and automation SaaS, adding the business to PracticeTek’s portfolio of healthcare software solutions. GrowthPlug will continue to be led by CEO Sudhir Bhatti and COO Shavita Bhatti; investor Elevate Capital exits its stake as part of the transaction.

Five Elms Capital Leads $27M Growth Investment in Practice Better

April 27, 2023

Cloud & SaaS

Practice Better, a Toronto-based practice management SaaS for health and wellness professionals, raised a $27 million growth investment led by Five Elms Capital to accelerate product development, integrations, strategic partnerships, and expansion of its go-to-market and technical teams. The company previously raised $1 million from Disruption Ventures in 2021 and will use the funding to scale capabilities and better support its global customer base.

Vee Healthtek Acquires Precision Practice Management

September 29, 2025

Healthcare Services

Vee Healthtek, an AI-enabled healthcare technology and services provider headquartered in Plano, Texas, has acquired Precision Practice Management, a St. Louis-based revenue cycle and practice management services firm. The deal expands Vee Healthtek's ambulatory market footprint and technology-enabled revenue cycle capabilities to deliver broader practice management, billing, coding and consulting services to healthcare providers.

Lightyear Capital Acquires Prime Pensions from Mill Point Capital

February 26, 2024

Financial Services

Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.

Genstar Capital Leads Recapitalization of Cerity Partners

June 13, 2022

Wealth Management

Genstar Capital led a recapitalization of Cerity Partners, with existing investor Lightyear Capital remaining invested. The transaction will support Cerity Partners' continued growth and strategic expansion as the wealth management firm scales its services across the U.S.