TPG Capital Acquires Majority Stake in Confluent Medical

Partners Group Acquires Confluent Health from The Edgewater Funds

July 24, 2019

Healthcare Services

Partners Group has acquired Confluent Health from The Edgewater Funds. Confluent, headquartered in Louisville, Kentucky, operates approximately 200 outpatient physical therapy clinics and provides occupational health & safety services and education programs, employing over 2,000 therapists and office professionals. The transaction transfers Edgewater's equity stake to Partners Group, which will look to accelerate growth across Confluent's multi-segment care platform.

Confluent Medical Invests in The Electrospinning Company

May 4, 2021

Medical Devices

Confluent Medical Technologies made a strategic minority investment in The Electrospinning Company Ltd to access its proprietary electrospinning process and expand design/manufacturing options for the transcatheter structural heart market. The investment aims to combine Confluent's Nitinol and biomedical textile expertise with Electrospinning's nanofiber biomaterials capability and to automate the application of textiles to valve frames.

TPG Acquires Convey Health Solutions from New Mountain Capital

September 5, 2019

Healthcare Services

TPG Capital has acquired Convey Health Solutions, a provider of technology-enabled administrative and advisory services for health plans, from New Mountain Capital. Convey's management and select stakeholders remain invested; financial terms were not disclosed. TPG said the acquisition will support Convey's growth and help TPG build out its healthcare platform.

TPG Growth Acquires Implantable Provider Group (IPG)

April 20, 2021

Healthcare Services

TPG Growth, the middle-market and growth equity platform of TPG, has acquired Implantable Provider Group, Inc. (IPG), a provider of surgical cost management solutions. The transaction represents an exit for Camden Partners (and acknowledges prior investor Sequoia Capital) and positions IPG to accelerate geographic expansion and scale its surgical cost-management and analytics platform.

Clearlake Capital Acquires Confluence from TA Associates

June 17, 2021

Software

Clearlake Capital has signed a definitive agreement to acquire Confluence Technologies from TA Associates, with Clearlake becoming the majority shareholder and TA retaining a minority stake. The investment will support Confluence's global expansion and Clearlake's buy-and-build strategy to grow the company's software and data solutions for the investment management industry.

Centerbridge Partners and CDPQ to Acquire Medical Solutions from TPG Growth

August 30, 2021

Healthcare Services

Funds advised by Centerbridge Partners and Caisse de dépôt et placement du Québec (CDPQ) will acquire Medical Solutions from TPG Growth in a transaction expected to close in Q4 2021; terms were not disclosed. Medical Solutions, headquartered in Omaha, Nebraska, is a leading provider of healthcare workforce solutions (notably travel nursing and allied staffing) that deployed clinicians to more than 4,500 facilities in 2020; the buyers said they will support the company's next phase of expansion and capability-building.