Evolent Health Acquires IPG from TPG Growth for $375M
June 29, 2022
Evolent Health agreed to acquire IPG, a provider of surgical cost management solutions for musculoskeletal conditions, from TPG Growth for $375 million in cash plus up to $87 million of contingent consideration. The IPG platform will be integrated into Evolent’s New Century Health business to expand the company's value-based specialty care capabilities and add new payer and ambulatory surgery center relationships; the deal is expected to be immediately accretive to adjusted EBITDA.
- Buyers
- Evolent Health, Inc.
- Targets
- IPG
- Sellers
- TPG Growth
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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