TPG Buys Nextech For $1.4B, Boosting Healthcare IT Solutions Presence
Portfolio Pulse from Lekha Gupta
TPG Inc has agreed to acquire Nextech from Thomas H. Lee Partners for $1.4 billion. Nextech provides clinical and administrative healthcare technology solutions for specialty physician practices. The deal is expected to close in Q3 2023. This acquisition is part of TPG's focus on healthcare IT solutions. TPG's shares are trading higher by 0.45% at $31.09.
July 19, 2023 | 4:21 pm
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TPG's acquisition of Nextech for $1.4 billion is expected to enhance its presence in healthcare IT solutions. The company's shares are currently trading higher.
The acquisition of Nextech, a provider of healthcare technology solutions, aligns with TPG's focus on healthcare IT. This could potentially increase TPG's market share and revenues in the future, which is likely why the company's shares are trading higher.
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