Investment Summary

Summit Partners Invests In TurningPoint Healthcare Solutions

On September 13, 2021, growth capital firm Summit Partners invested in healthcare services company TurningPoint Healthcare Solutions

Investment Highlights
  • This is Summit Partners’ 40th transaction in the Healthcare Services sector.
  • This is Summit Partners’ 306th transaction in the United States.
  • This is Summit Partners’ 23rd transaction in Florida.

Investment Summary

Date 2021-09-13
Target TurningPoint Healthcare Solutions
Sector Healthcare Services
Investor(s) Summit Partners
Deal Type Growth Capital
Advisor(s) Triple Tree LLC (Financial)

Target

TurningPoint Healthcare Solutions

Lake Mary, Florida, United States
TurningPoint Healthcare Solutions provides an innovative suite of specialty care management services and technologies focused on managing complex conditions including musculoskeletal (MSK), ENT, sleep, and cardiac care. TurningPoint Healthcare Solutions was founded in 2014 and is based in Lake Mary, Florida.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 364 of 387
Sector (Healthcare Services) 40 of 41
Type (Growth Capital) 203 of 219
State (Florida) 23 of 25
Country (United States) 306 of 320
Year (2021) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Clarabridge

Reston, Virginia, United States

Clarabridge is a provider of omnichannel conversational analytics. Clarabridge helps the world's leading brands take a data-driven, customer-focused approach to everything they do. Using AI-powered conversational analytics, Clarabridge's platform enables brands to extract actionable insights from every customer interaction to grow sales, ensure compliance, and increase operational efficiencies. Clarabridge was founded in 2006 and is based in Reston, Virginia.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Patriot Growth Partners

Ft. Washington, Pennsylvania, United States

Patriot Growth Partners is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. The company's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. It creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot Growth Partners was founded in 2019 and is based in Ft. Washington, Pennsylvania.

Sell -