Morgan Stanley Investment Capital
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Medsphere to Grow Interoperable Healthcare IT Platform with $40 Million Preferred Equity Investment from TPG Sixth Street Partners
Medsphere Systems Corporation...today announced new $40 million funding to support organic growth and pursue opportunistic strategic acquisitions through a preferred equity investment by TPG Sixth Street Partners. "We are pleased to add a new partner to our software solutions-driven campaign for quality, affordable healthcare," said Medsphere President and CEO Irv Lichtenwald. "Our technology and business model allow all providers to address core needs and we are energized by the support of institutions like TPG Sixth Street Partners." "Medsphere represents a compelling opportunity to support a differentiated healthcare technology platform," said Michael McGinn, Partner and Co-Head of TPG Sixth Street Partners' Capital Solutions business.
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