Practice Better has secured a $27 million growth investment from Five Elms Capital to enhance its practice management software, aiming to better support health and wellness professionals in delivering client care.

Target Information

Practice Better, established in 2016, is a prominent all-in-one practice management software platform dedicated to health and wellness professionals. The platform offers a comprehensive suite of features such as scheduling, appointment management, telehealth services, billing, client engagement, and payment processing, effectively enabling practitioners to minimize administrative burdens and enhance client care. With over 10,000 customers across more than 70 countries, Practice Better has gained recognition for its innovative approach to streamlining operations in the wellness sector.

The company has experienced significant growth, achieving a remarkable 300% compound annual growth rate (CAGR) since its inception. Much of its customer growth has been attributed to word-of-mouth referrals, underscoring the platform’s reputation for delivering client-focused solutions within the industry.

Industry Overview

In recent years, the wellness industry has seen a transformative shift as consumers increasingly prioritize proactive health management and alternative care options. This trend is particularly evident in Canada, where holistic app