Lightyear Capital Recapitalizes PracticeTek with Greater Sum Ventures
December 6, 2021
Lightyear Capital led a recapitalization of PracticeTek, joining founding investor Greater Sum Ventures to support the company's next phase of growth. The transaction will fund PracticeTek's continued organic growth, expansion of embedded payments and patient engagement capabilities, and strategic acquisitions to scale its retail healthcare software platform.
- Buyers
- Lightyear Capital, Greater Sum Ventures
- Targets
- PracticeTek
- Industry
- Cloud & SaaS
- Location
- California, United States
- Transaction Type
- Recapitalization
Explore More
Related Acquisitions
-
Lightyear Capital Takes Majority Stake in Prosperity Partners
July 14, 2026
Professional Services
Lightyear Capital is making a majority growth investment in Prosperity Partners, a Chicago-based tax, client accounting, and transaction support services firm. The deal is expected to close in Q3 2026, subject to regulatory approvals, while Unity Partners will retain a minority stake.
-
Lightyear Capital Strategic Investment in Corestream
July 7, 2026
Cloud & SaaS
Lightyear Capital announced a strategic investment in Corestream, a voluntary benefits and employee savings technology platform, to accelerate product innovation, platform expansion, and ecosystem growth. The deal supports further innovation in technology infrastructure and partner connectivity; transaction terms were not disclosed.
-
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.
-
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.
-
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.
-
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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.