TPG bought a majority stake in health information network Surescripts to fuel more investment in its technology solutions and possible M&A deals, the companies have announced. TPG is investing in Surescripts through TPG Capital, the firm’s U.S. and European private equity platform. Surescripts, which dominates the e-prescribing market, has a unique ownership structure —half owned by the National Community Pharmacies Association and the National Association of Chain Drug Stores and half owned by Express Scripts and CVS Caremark. Frank Harvey, Surescripts CEO, told Fierce Healthcare that all its existing shareholders are “still at the cap table.”
Read the full article: PE Firm TPG Buys Majority Stake in Health Information Network Surescripts //
Source: https://www.fiercehealthcare.com/health-tech/pe-firm-tpg-buys-majority-stake-health-information-network-surescripts