TPG Acquires Majority Stake in Surescripts

TPG to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

TPG Completes Majority Investment in iNova Pharmaceuticals

October 31, 2022

Pharmaceuticals

TPG (through its Asia platform) completed a majority investment in iNova Pharmaceuticals, a multinational consumer health and pharmaceutical company, with existing investor Pacific Equity Partners re-investing as a minority co-investor. The deal will support iNova's regional expansion and growth strategy across Southeast and North Asia, and fund channel expansion, product-in-fill and technology investments.

TPG, Summit Partners and Silversmith Provide Growth Capital to LifeStance Health

April 16, 2020

Healthcare Services

LifeStance Health announced that TPG Capital will join existing investors Summit Partners and Silversmith Capital Partners, alongside management, to provide growth capital to expand the company's geographic footprint and digital/telehealth capabilities. The investment will support LifeStance's efforts to increase access to outpatient behavioral health services across the United States.

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 Makes Strategic Investment in Sauce Labs

June 7, 2022

Cloud & SaaS

TPG has made an additional strategic investment in Sauce Labs, strengthening a partnership that began in 2019 and providing the company with resources to expand capabilities and accelerate growth. Sauce Labs, a San Francisco–based provider of continuous testing and error-reporting SaaS, said the capital will support product development and market leadership in DevOps and continuous testing.

TPG and AmerisourceBergen Acquire OneOncology from General Atlantic

April 20, 2023

Healthcare Services

TPG has agreed to acquire a majority interest in OneOncology and AmerisourceBergen will take a roughly 35% minority stake for approximately $685 million, valuing OneOncology at $2.1 billion. OneOncology's affiliated practices, physicians, and management will retain minority ownership as the parties form a new joint venture; the network includes over 900 affiliated providers across 14 states and the deal is expected to close by the end of September 2023.