TPG Capital and Leonard Green & Partners Invest in WellSky

TPG Growth invests in Smith + Howard (investor flip from Broad Sky Partners)

June 9, 2026

Professional Services

TPG has signed a definitive agreement to make a significant investment in Smith + Howard through its middle-market and growth equity platform, TPG Growth. The investment is intended to support Smith + Howard’s national expansion, technology and AI integration, and growth of its advisory capabilities; Broad Sky Partners’ ownership stake is expected to be transferred as part of the investor “flip.” The transaction was expected to close in Q3 2026, subject to customary conditions.

WellSky Acquires Corridor from HealthEdge Investment Partners

October 12, 2023

Healthcare Services

WellSky, a health and community care technology company backed by Leonard Green and TPG, has acquired The Corridor Group Holdings (Corridor) from HealthEdge Investment Partners. The acquisition expands WellSky's medical coding and revenue cycle management (RCM) capabilities for the post-acute care market and brings Corridor's tech-enabled coding, clinical documentation review, billing and collections services into WellSky's platform.

WellSky Acquires Experience Care

August 23, 2023

Healthcare Services

WellSky, a healthcare technology company based in Overland Park, Kansas, has acquired Experience Care, a provider of EHR and financial software for post-acute and long-term care providers. The deal brings Experience Care’s NetSolutions platform (serving ~150 clients and 850 facilities) into WellSky to expand capabilities in care coordination, analytics, interoperability, and revenue cycle management for long-term care organizations.

WellSky Acquires CarePort Health from Allscripts for $1.35B

October 13, 2020

Healthcare Services

WellSky, a health and community care technology company backed by TPG Capital and Leonard Green & Partners, agreed to acquire CarePort Health from Allscripts for $1.35 billion. The divestiture, expected to close before the end of 2020 subject to regulatory approvals, transfers CarePort’s client base and ~200 associates to WellSky and expands WellSky’s care coordination and post-acute capabilities.

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.

Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

November 14, 2019

Healthcare Services

An investor group led by Leonard Green & Partners, in partnership with Arsenal Capital Partners and Novo Holdings A/S, has agreed to recapitalize WCG to provide resources to accelerate growth and expand capabilities in clinical trial optimization. Financial terms were not disclosed; the transaction was announced in November 2019 and expected to close in the first quarter of 2020.