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IPC Healthcare (now SCP Health)

active

Healthcare — TPG (via merger with TeamHealth)

Deal Terms

Entry Year2016
Entry EV$1.6B
Entry Multiple12x
Leverage6x
Debt Amount$0.96B

Risk Metrics

LTV (est.)60%
Debt / EV0.60x

Notes

Hospitalist and post-acute care physician group. Originally PE-backed by TA Associates. Merged into TeamHealth's Blackstone orbit. Spun out as SCP Health. Physician staffing model under existential threat from No Surprises Act and AI-driven utilization review.

Sponsor

TPG Inc.$230B AUM