IPG Receives Major Financial commitment From TPG | Business enterprise
3 min readATLANTA–(Company WIRE)–Apr 20, 2021–
Implantable Supplier Group, Inc. (“IPG” or the “Company”), a main supplier of surgical price administration solutions, nowadays introduced a sizeable investment from TPG Growth, the center-marketplace and growth fairness system of alternate asset business TPG. TPG Advancement will companion with IPG’s current administration team to make investments behind its main benefit proposition, additional assist present shopper associations, and expand into new geographies.
Partnering with overall health ideas, system companies, and surgical facilities nationwide, IPG features higher-good quality, cost-successful surgical options, as nicely as improved transparency and alignment to stakeholders across the health care sector. The IPG platform brings together in-depth analytics and expertise in product price management to permit charge efficient internet site of treatment optimization and deliver in depth surgical price analytics for the shipping and delivery of value-primarily based care.
“As the healthcare area carries on to evolve, IPG’s ground breaking method is generating worth for all stakeholders like health and fitness plans, device companies, suppliers, and individuals. We are happy to be partnering with their staff at an remarkable time in the Company’s growth trajectory,” claimed TPG Growth’s Zach Ferguson. “We identify the exclusive and valuable platform IPG has constructed and see a substantial option for the Organization to develop its presence in both equally current marketplaces and new areas throughout the region. Leveraging our deep knowledge investing across the health care sector, we are energized to execute on our shared mission to positively impression health care expenses in the growing surgical treatment marketplace.”
“This is an thrilling time for IPG and our partnership with TPG Growth is a testomony to our committed employees, the energy of our mission, and the surgical administration system we have developed,” claimed Vince Coppola, President and CEO of IPG. “IPG’s organization has grown speedily, driven by our potent benefit proposition and motivation to raising patient obtain to value-powerful surgical treatment. With an spectacular observe document of scaling corporations and additional accelerating development and innovation, TPG is the excellent companion for IPG, and we appear ahead to doing the job closely with their group to realize our subsequent degree of development.”
Coppola extra, “We would also like to thank earlier buyers Sequoia Cash and Camden Companions for their aid as IPG has delivered on its price proposition and productively executed its development system.”
Healthcare is a main investing concept for TPG. In excess of the previous 15 yrs, TPG Advancement has partnered with numerous healthcare corporations all around the earth and across a assortment of disciplines such as Evolent Health and fitness (NYSE: EVH), GoHealth Urgent Treatment, Health-related Solutions, Precision Drugs Group, and Vaxcyte.
Deutsche Bank and TripleTree acted as monetary advisors to TPG Advancement in relation to this transaction. Citizens Funds Marketplaces led a financial institution group that presented financing in guidance of this transaction.
About IPG
IPG is the leading service provider of Surgical Cost Administration answers, operating with health and fitness options, suppliers, surgical facilities, system makers and clients throughout the place to boost excellent and lessen costs for surgical techniques through optimization of the most productive web-site of care and unit selection, ensuing in extra reasonably priced higher-top quality treatment to people. For a lot more data about IPG, call us at 866.753.0046, or stop by us on the website at www.ipg.com.
About TPG Growth
TPG Growth is the middle sector and growth fairness expense platform of TPG, the international alternate asset business. With over $12 billion of assets below administration, TPG Development targets investments in a broad array of industries and geographies. TPG Progress has the deep sector knowledge, operational assets, and worldwide expertise to push benefit development, and assist providers achieve their comprehensive probable. The platform is backed by the resources of TPG, which has additional than $91 billion of property under administration. For more data, be sure to stop by www.tpg.com or on Twitter @TPG.
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PUB: 04/20/2021 08:00 AM/DISC: 04/20/2021 08:01 AM
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