Evolent Health to acquire IPG from TPG Growth for $462m.

Evolent Health, a health management services organization that integrates the technology, tools and on-the-ground resources, agreed to acquire IPG, a technology and services company providing surgical management solutions for musculoskeletal conditions, from TPG Growth, a private equity firm, for $462m. "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," Seth Blackley, Evolent Health Chief Executive Officer and Co-Founder.