TPG Growth Invests in Compass Surgical Partners

Health Velocity Capital Makes Minority Investment in Compass Surgical Partners

March 21, 2022

Healthcare Services

Health Velocity Capital has made a minority growth investment in Compass Surgical Partners, a U.S.-based developer and manager of ambulatory surgery centers (ASCs). The financing will support Compass’s expansion into new markets and investments in data & analytics, physician practice support services, value-based care initiatives and other capabilities to scale outpatient orthopaedic and spine services.

VSS and Partner Investors Make Growth Investment in Podiatry Growth Partners

October 5, 2020

Healthcare Services

VSS Capital Partners led a growth investment in Podiatry Growth Partners (PGP), a St. Louis–headquartered podiatry practice management platform, to support the company's national expansion and add-on acquisition strategy. Additional investors in the financing include Compass Group Equity Partners, Siguler Guff, and SunGate Capital; financial terms were not disclosed.

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.

TPG Invests in Harlem Capital Partners

June 24, 2019

Financial Services

TPG has signed a definitive agreement to make a non-controlling strategic investment in Harlem Capital Partners, committing capital to HCP Fund I to help scale the firm, enhance operating capabilities, and support its portfolio. Terms were not disclosed; the investment is a minority, growth-oriented stake intended to accelerate Harlem Capital's mission of backing diverse founders.

TowerBrook and Ascension Capital Make Strategic Growth Investment in Regent Surgical Health

March 4, 2021

Healthcare Services

Regent Surgical Health, a developer, owner and manager of ambulatory surgery centers (ASCs), completed a strategic growth investment from TowerBrook Capital Partners and Ascension Capital. As part of the partnership Ascension selected Regent as its exclusive national partner for ASC development; the capital will be used to expand Regent's management, operational and technology capabilities and to support ASC acquisitions and new developments.

Evolent Health Acquires IPG from TPG Growth for $375M

June 29, 2022

Healthcare Services

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.