LLR Partners, a private equity firm focused on the technology and healthcare sectors, has made a significant growth investment in Vantage Point Logistics, a provider of supply chain management software.
VPL is a software company focused on helping healthcare organizations improve the resiliency and visibility of clinical supply chains. The capital will be used to support the company’s product development and growth, both organically and through strategic acquisitions. Radian Capital and Tamarind Hill will remain minority shareholders in the business.
“VPL has developed an innovative platform of supply chain solutions for health systems, specialty pharmacies, and surgery centers bringing efficiency and cost savings to these organizations,” says Zack Sigal, partner at LLR. “Provider consolidation, shifts in site of care, and heightened focus on expense management have caused healthcare organizations to increasingly adopt technology solutions to drive clinical efficiency and savings. We’re excited to partner with VPL as they support more healthcare organizations to deliver more efficient care.”
Piper Sandler served as financial advisor to VPL in this transaction.