Welsh, Carson, Anderson & Stowe makes strategic investment in GovernmentCIO, TPG talks WellSky 2.0 following $1.35bn bet on CarePort, Apollo has plowed ~$5bn into covid-ravaged aerospace industry this year

Welsh, Carson, Anderson & Stowe invests in GovernmentCIO and PE-backed WellSky is carving out AllScript's CarePort in a $1.35 billion transaction.

Happy Friday!

WellSky, a post-acute-care software company, is carving out AllScript’s CarePort in a $1.35 billion transaction. The deal comes a few months after Leonard Green joined TPG as an investor in WellSky, writes Sarah Pringle on PE Hub.

CarePort was one of two top deals of scale TPG and WellSky identified, Sarah writes. In buying CarePort, WellSky is able to manage the discharge process from the acute-care setting into the post-acute-care setting. In other words, the new technology will give healthcare payers visibility as patients move from one care setting to the next, Nehal Raj, partner at TPG, explained. Read Sarah’s story here on PE Hub.

Top Scoops
Welsh, Carson, Anderson & Stowe made a strategic investment in GovernmentCIO, which provides technology and digital services to the federal health IT services market. Jim Brabston, former senior executive with Stanley, Inc. and Chamber Corp, joined the company as chief executive. Read more here on PE Hub.

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