TPG has acquired a majority stake in Surescripts, a prominent health information network known for its e-prescribing services. The announcement was made via a news release, highlighting TPG's strategic investment in the healthcare sector.
Founded in 2001 and headquartered in Arlington, Virginia, Surescripts plays a crucial role in facilitating electronic prescriptions across the United States. TPG, established in 1992 and based in San Francisco, focuses on investing in middle-market companies across various industries, including healthcare.
The acquisition was executed through TPG Capital, the firm’s private equity platform that operates in the U.S. and Europe. However, the specific terms of the deal have not been disclosed.
This investment underscores TPG's commitment to enhancing healthcare technology and improving patient care through strategic partnerships. Surescripts is expected to leverage TPG's resources and expertise to further its mission in the evolving healthcare landscape.