11M+

patients served

$1.2B

invested into R&D

100K+

people employed

• The Deal: TPG Growth partnered with Crowe LLP to carveout and establish Crowe’s healthcare consulting business as an independent company named Kodiak Solutions.
• The Angle: Provider groups and other healthcare organizations are under significant pressure to lower costs and are increasingly looking for outsourced, tech-enabled solutions that help them work more effectively. Kodiak’s services focus uniquely on a health system’s Office of the CFO, with a flagship product that is seen as the gold standard in the industry. 
• What Else? Kodiak supports more than 1,800 hospitals across the country. We look forward to partnering with management and Crowe to grow the platform’s reach and capabilities. 

TPG Leads Financings of Three High-Growth Life Sciences Companies

• The Deal: TPG Life Sciences Innovations (TPG LSI) and the Rise Fund invested in three life sciences companies leading innovative therapeutic programs in areas of oncology (Bicara Therapeutics, MBrace Therapeutics) and immunology (Sudo Biosciences).
• The Angle: We are going through an interesting period within the life sciences sector, marked by a wave of innovative technologies that are translating to significant clinical benefit for patients. Leveraging the scientific expertise of our LSI team and TPG's long history of building and growing high-value healthcare platforms, we're focused on providing inflection capital to companies that we believe can deliver outsized impact for our patients and the healthcare ecosystem. 
• What Else? TPG's investment in MBrace was featured in Bain's 2024 Global Healthcare Private Equity Report.

TPG’s Columbia Asia Acquires Ramsay Sime Darby

• The Deal: TPG Capital Asia and The Rise Fund portfolio company Columbia Asia acquired Ramsay Sime Darby (RSD), a regional hospital group with approximately 1.9k beds across 7 hospitals in Malaysia and Indonesia.
• The Angle: Since our original investment in 2020, Columbia Asia has seen remarkable growth in profitability thanks to ramp-up of younger hospitals and cost saving initiatives. With the pandemic behind us, Columbia Asia has resumed expansion via both organic growth and M&A, including its acquisition of RSD, which will transform Columbia Asia into the second largest hospital group in Southeast Asia by bed count.
• What Else? RSD provides the critical missing tertiary piece to Columbia’s existing secondary hospitals and super specialty ecosystem. The investment reflects our continued focus on building regional platforms of scale that are providing high-quality, specialty care.

TPG Completes Acquisition of Nextech

• Remind Me: TPG closed its previously announced acquisition of Nextech, a leading provider of electronic medical record (EMR) and practice management solutions to specialty provider spaces including ophthalmology and plastic surgery. Catch up here and here.
• The Go-Forward: The industry has shifted from generalist to specialty-focused EMRs, and Nextech is a recognized leader in the end markets it serves. Partnering with management, we see a significant opportunity to deepen Nextech's leadership through new capabilities while also expanding into new specialties.
• What Else? Nextech recently welcomed healthcare and tech industry veterans Halsey Wise, Anthony Colaluca, and Carl Pascarella to its board of directors.

Mitesh Daga

Mumbai

Investment Highlights:
Sai Life Sciences, Manipal Health

Zach Ferguson

San Francisco

Investment Highlights:
AnovoRx, MedQuest Associates, Implantable Provider Group

Ankur Thadani

Mumbai

Investment Highlights:
Asia Healthcare Holdings, API Holdings, CARE Hospitals

Vincent Wong

Melbourne

Investment Highlights:
Novotech, Greencross Vets, iNova

Healthcare Providers

• AHH acquired a majority stake in Asian Institute of Nephrology and Urology
  
• Dr. Agarwal's raised $80M from existing investors, including TPG
  
• CARE Hospitals received a majority investment from Blackstone, with TPG - through its Evercare Health Fund - remaining a minority shareholder
  
• OneOncology celebrated five years of partnership with its practice partners, who treat hundreds of thousands of patients annually
  
• Manipal Hospitals acquired AMRI Hospitals
  
• Monogram achieved accreditation from the National Committee of Quality Insurance for its Complex Case Management program

Healthcare Providers

• Allogene’s Chief Medical Officer spoke about the power of allogeneic CAR T products at the 2023 STAT Summit
  
• AnovoRx was voted as a top place to work in 2023 for the fifth consecutive year
  
• Doc Generici welcomed former AlfaSigma CEO Pier Vincenzo Colli and TPG Senior Advisor John Fraher  and to its Board of Directors
  
• Novotech issued several expert reports offering insight into global clinical trial activity, including a recent report on metastatic breast cancer
  
• RefleXion closed on a $105M equity raised led by The Rise Fund
  
• Sai Life Sciences surpassed its vision of supporting its global innovator partners in bringing 25 new medicines to market by 2025

Med Tech

• BVI acquired Medical Mix, a medical device supplier for ophthalmic surgery across Spain and Portugal
  
• Exactech announced that its Active Intelligence® platform, has supported more than 100,000 total joint replacement surgeries across the globe
  
• Ceribell launched ClarityPro™ AI, expanding access to critical diagnosis of electrographic status epilepticus
  

Services & HCIT

• BGB Group acquired healthcare consultancy Kx Advisors
  
• Covetrus partnered with the American Veterinary Medical Association to award scholarships to vet technicians
  
• Lyric CEO Raj Ronanki shared his key takeaways from Ted AI, the first AI-dedicated TED conference
  
• Nextech was named to The Healthcare Technology Report's list of top 100 companies
  
• WellSky acquired Corridor, a provider of tech-enabled outsourced coding, revenue cycle and education solutions to the post-acute healthcare industry