TPG to Acquire Leading Specialty Healthcare IT Platform Nextech From Thomas H. Lee Partners For $1.4B
Portfolio Pulse from Happy Mohamed
TPG, a global alternative asset management firm, is set to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions, from Thomas H. Lee Partners (THL) for $1.4 billion. The acquisition will be made through TPG Capital, TPG's U.S. and European late-stage private equity platform. The transaction is subject to regulatory review and is expected to close in the third quarter of 2023.
July 19, 2023 | 2:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TPG is acquiring Nextech, a healthcare IT platform, for $1.4 billion. This acquisition could strengthen TPG's position in the healthcare and software sectors.
The acquisition of Nextech, a leading provider of healthcare IT solutions, could significantly enhance TPG's portfolio in the healthcare and software sectors. This could potentially lead to increased revenues and growth for TPG in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100