Tuesday, January 14, 2020

Medsphere Finds $40M For Healthcare IT Software

Carlsbad-based Medsphere Systems, a provider of healthcare information technology and software, has raised $40M in new funding from private equity investor TPG Sixth Street Partners, the company said this morning. The new funds will go towards organic growth as well as "opportunistic strategic acquisitions", according to the company. As part of the funding, Lee Mooney, Principal at TPG Sixth Street Partners, will join Medsphere's board. Medsphere is led by President and CEO Irv Lichtenwald. The company said the investment came in the form of a preferred equity investment. More information »

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