Serent Capital Invests in The Professional Companies (TPC)

Serent Capital Invests in Procurement Partners

December 3, 2020

Cloud & SaaS

Serent Capital has made a growth investment in Procurement Partners, a Champaign, Illinois–based provider of a procure-to-pay (P2P) eProcurement platform serving healthcare providers. The investment will provide capital and Serent’s growth resources to help Procurement Partners scale its platform, expand its team, and reach more healthcare customers across the United States.

The Vistria Group Acquires Professional Health Care Network (PHCN) from Serent Capital

March 30, 2022

Healthcare Services

The Vistria Group has made a majority investment in Professional Health Care Network (PHCN), acquiring the Phoenix-based home health care management services platform from Serent Capital. PHCN partners with health plans and providers across the western U.S. to expand access to home-based clinical care (supporting over 950,000 lives); Vistria said the investment will help scale PHCN's network, accelerate value-based care initiatives, and expand home health capabilities.

Court Square Capital Partners Makes Strategic Investment in Team Select Home Care

May 8, 2023

Healthcare Services

Court Square Capital Partners has made a strategic growth capital investment in Team Select Home Care, a Phoenix-based home health provider focused on pediatric and geriatric post-acute care. The existing sponsor, Tenex Capital Management, sold a majority stake while retaining a minority interest; the capital will support adding branches and expanding services across the U.S.

Tonka Bay Equity Partners Invests in Professional (Professional Credit & Ensource)

July 27, 2021

Professional Services

Tonka Bay Equity Partners made a strategic growth investment in Professional (formerly Professional Credit & Ensource), a U.S.-based provider of first- and third-party accounts receivable management and revenue cycle services. The investment will support Professional’s geographic expansion, continued technology investment and growth while the company’s leadership and service lines remain unchanged.

Procurement Partners Acquires On.Care

June 8, 2021

Healthcare Services

Procurement Partners, a procure-to-pay (P2P) provider backed by Serent Capital, has acquired On.Care, an e-procurement solution for skilled nursing and assisted living facilities. The deal combines the two companies’ e-procurement platforms to expand vendor networks, cross-sell opportunities, and technology capabilities across post-acute care and senior living customers; terms were not disclosed.

American Safety Council Acquires TPC Training

December 2, 2021

Education

American Safety Council (a portfolio company of Ridgemont Equity Partners) has acquired TPC Training from Frontenac. The combination brings together ASC's content and direct-to-professional marketing with TPC's EHS software, LMS and industrial safety training capabilities to form a broader safety training and compliance platform; terms were not disclosed.