Private equity firm buys controlling stake in Surescripts

Private equity firm TPG is acquiring a majority stake in e-prescription company Surescripts, the two announced this week. The terms of the transaction, including the purchase price, were not disclosed. 

Surescripts said the influx of funds will be used to help expand and scale its “intelligent” prescription network and allow it to invest in new products that address “healthcare’s biggest challenges.” The company said it is working to improve its offerings that mitigate clinician burnout and ultimately “help prescribers [to] more efficiently deliver affordable medications to patients.”

“We are partnering with TPG because of our shared vision for improving healthcare for patients and the clinicians who care for them,” said Surescripts CEO Frank Harvey, said in the announcement. “TPG’s support will enable us to scale existing solutions while advancing new innovative technologies that will continue to enhance patient safety, lower costs and ensure quality care, amplifying our impact across healthcare.”

With its controlling stake, the private equity firm will now join the owners' group of Surescripts. Minority shareholders include CVS Health; Express Scripts, a subsidiary of Cigna; and others. It is not clear what percentage of Surecripts each now controls. 

With the acquisition, TPG expanded its portfolio of healthcare companies that now includes drug manufacturers, health IT vendors, and surgery centers. 

The transaction was facilitated by TripleTree, a financial advisor. The sale of Surescripts will not be finalized until regulators approve of the agreement. 

Chad Van Alstin Health Imaging Health Exec

Chad is an award-winning writer and editor with over 15 years of experience working in media. He has a decade-long professional background in healthcare, working as a writer and in public relations.

Around the web

A string of executive orders from the White House created serious concerns among radiologists and other healthcare providers throughout the United States. The American College of Radiology issued a statement to help guide its members through the chaos. 

Bridgefield Capital, founded in 2015, has previously invested in such popular brands as Cirque Du Soleil, Del Monte and Quiksilver. This transaction is expected to be completed in the second half of 2025. 

Given the precarious excitement of the moment—or is it exciting precarity?—policymakers and healthcare leaders must set directives guiding not only what to do with AI but also when to do it.