Therapy Brands

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Therapy Brands logo.png

Therapy Brands is a software developer founded in Birmingham in 2013 by Shegun Otulana. It began by developing and supporting the TheraNest practice-management software platform for counseling centers.

The company received investment capital from Gold Standard Ventures of Vancouver, British Columbia; Providence Strategic Growth of Providence, Rhode Island; Lightyear Capital of New York, New York; and Oak HC/FT of Greenwich, Connecticut. After graduating from Innovation Depot, the company opened offices at Two North Twentieth.

Kimberly O'Loughlin, who lives in Morristown, New Jersey, succeeded Otulana as CEO of Therapy Brands in 2020. In May 2021 the investment firm KKR of New York City acquired a majority stake in the company for $1.2 billion. Jeffrey Shoreman was hired to succeed O'Loughlin as CEO in July 2022. In November 2022 Therapy Brands acquired The Echo Group of Conway, New Hampshire.

Brands

  • Mental and Behavioral Health
    • TheraNest (formerly TheraNest, MyClients+)
    • ShareNote
  • Mental Health with Substance Abuse Recovery
    • EchoVantage
    • Procentive
    • TenEleven
  • Applied Behavior Analysis
    • WebABA (formerly WebABA, AccuPoint, CodeMetro)
    • Catalyst
  • Physical, Occupational and Speech Therapy
    • Fusion (formerly Fusion, A2CMedical)
  • Other
    • Apex EDI
    • Logik
    • NewCrop
    • TheraLINK

References

  • Cline, Wade (April 7, 2017) "Startup Grind Birmingham features local entrepreneur Shegun Otulana, CEO of TheraNest." Bham Now
  • Thornton, William (July 25, 2018) "New York firm makes majority investment in growing Birmingham company." The Birmingham News
  • Johnson, Roy S. (October 12, 2018) "Family, faith, growing up where everyone “looks like you” inspired Nigerian tech entrepreneur’s huge success." The Birmingham News
  • Hare, Francis (December 17, 2018) "Meet the BVC’s Jemison Awards winner: Shegun Otulana" Birmingham Business Journal
  • Patchen, Tyler (February 11, 2020) "Birmingham-based software company names new CEO." Birmingham Business Journal
  • Patchen, Tyler (April 7, 2021) "Global firm buys majority stake in fast-growing Therapy Brands." Birmingham Business Journal
  • Thrailkill, Laurel (August 4, 2022) "Birmingham-based Therapy Brands names new CEO." Birmingham Business Journal
  • Thrailkill, Laurel (November 30, 2022) "Birmingham's Therapy Brands acquires New Hampshire-based firm." Birmingham Business Journal

External links