MINNEAPOLIS--(BUSINESS WIRE)--TT Capital Partners (“TTCP”) today announced a majority investment in Collaborating Docs, which matches nurse practitioners (“NPs”) with supervising physicians to facilitate high-quality collaborations, a requirement for NPs to practice independently in 33 states.
According to the U.S. Bureau of Labor Statistics, nurse practitioner is one of the nation’s fastest-growing careers. NPs have many of the same qualifications to diagnose, prescribe, and treat patients as physicians, however they are restricted from practicing independently in 33 states without a supervising physician. Finding and maintaining physician collaborators can be a challenge for entrepreneurial NPs working outside traditional care delivery systems and enterprises employing NPs.
Collaborating Docs is the first company to address this need by matching NPs with willing collaborating physicians, ensuring compliance with changing regulations and providing continuity of care for patients. The company eases the administrative burden for NPs and physicians by providing template collaborative agreements and state-specific guidance, maintaining proper malpractice insurance for their physicians, and facilitating payment processing—essentially bringing standardization to an industry practice that previously had none.
“As the physician shortage in the United States continues to grow more acute and more care is delivered by advanced practice providers such as NPs and physician assistants, Collaborating Docs is uniquely positioned to address the increasing demand,” said TTCP Partner Ryan Engle. “We are delighted to partner with Annie and her team to drive the next stage of growth.”
The company was founded in 2020 by family medicine physician Dr. Annie DePasquale. As a collaborating physician herself, she saw firsthand the need for a simple solution to help NPs seeking supervising physicians to practice independently. Under her leadership, the company has built a robust network of 2,000 physicians and has successfully matched over 5,000 NPs and physician assistants with collaborating physicians across the nation.
“As we scale our operations and pursue new growth opportunities, having an investor partner with the insight to help us navigate this complex market is essential,” said Dr. DePasquale. “TT Capital Partners shares our vision for enhancing the provider experience and improving healthcare access and delivery.”
Engle said Collaborating Docs’ first-mover status and strong market tailwinds position the company well for the future. “In addition to continued growth in the core NP business, we see opportunity for Collaborating Docs to leverage the company’s extensive regulatory and compliance capabilities to expand its services to other advanced practice providers and enterprises that employ or contract with large numbers of NPs.”
Edgemont Partners served as exclusive financial advisor to Collaborating Docs. Financial terms of the transaction were not disclosed.
About Collaborating Docs
Collaborating Docs connects nurse practitioners (NPs) with supervising physicians, addressing a critical need to expand care access and ensure healthcare compliance. With expertise in healthcare regulations, a nationwide network of physicians, and years of experience, Collaborating Docs simplifies and standardizes the collaboration process, making it the trusted choice for streamlined, compliant partnerships. Learn more at www.CollaboratingDocs.com.
About TTCP
TT Capital Partners (TTCP) provides capital, expertise, and insight to healthcare technology and services companies that have the potential to become market leaders. With its exclusive focus on healthcare, extensive industry network, and deep investing and operating experience, TTCP has invested in some of the most high-growth businesses that are innovating and disrupting how healthcare is delivered, managed and consumed. Learn more at www.TTCapitalPartners.com.
