Evolent Health has purchased IPG, a technology company providing surgical management services, from TPG Growth.
The deal accelerates Evolent’s strategy to be a provider of value-based specialty care services.
Seth Blackley, CEO of Evolent Health, stated, “Today’s announcement represents an important step in Evolent’s journey to become a national leader in value-based specialty care solutions. The acquisition of IPG will expand Evolent’s specialty portfolio, add new customers, and increase our commercial insurance revenue mix. IPG is a leader in surgical cost management solutions with a focus on musculoskeletal cost and quality and adds unique clinical value and an enhanced financial profile to support our mission for our patients, providers, payers and shareholders.”