Grapevine-based Snap Health will acquire North Richland Hills-based Your Therapy Source, according to a news release. The financial terms of the agreement were not disclosed.
The acquisition will bring over 500 clinicians and 150 home health partners into the Snap Health portfolio, accessible through the company's mobile app and online referral system.
"For several years now, we've been hard at work making Snap Health the go-to place for therapists looking for more scheduling freedom and home health agencies looking to streamline referral submissions," Andrew Hill, CEO of Snap Health, said in the news release. "With the increased staff and new ability to offer a wider breadth of healthcare services, we're poised to continue to expand our footprint throughout the United States."
Prior to the acquisition, Snap Health solely operated as an in-home therapy service. The acquisition will allow the health care technology company to expand its list of services to include in-home visits from registered nurses.
"Many of our clinicians have been with us since we opened YTS in 2007. While this acquisition is very special for me personally, I'm even more thrilled to deliver an easier process of achieving financial freedom for our hardworking clinicians," Sheri Yarbray, founder and CEO of YTS, said in a news release. "I've been in this industry for decades, and I truly believe that this mobile app and online referral system are the future of home health. I look forward to helping Snap Health reach new heights in the coming years."
New York-based Edgemont Partners represented Snap Health as its financial advisor in the acquisition.
