{"id":395721,"date":"2026-01-06T17:21:12","date_gmt":"2026-01-06T17:21:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/395721\/"},"modified":"2026-01-06T17:21:12","modified_gmt":"2026-01-06T17:21:12","slug":"tpg-closes-in-on-1bn-plus-deal-for-gp-patient-records-system-supplier-money-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/395721\/","title":{"rendered":"TPG closes in on \u00a31bn-plus deal for GP patient records system supplier | Money News"},"content":{"rendered":"

The American private equity giant TPG is closing in on a \u00a31bn-plus deal to buy the company which supplies the electronic patient record system used by the majority of Britain’s GPs.<\/p>\n

Sky News has learnt that TPG has struck the outline of a deal to acquire Optum’s UK operation, which is owned by the New York-listed healthcare giant UnitedHealth Group.<\/p>\n

Sources said the deal, which could be announced in the coming weeks, was likely to be worth in the region of \u00a31.2bn-\u00a31.4bn, although they cautioned that it had yet to be finalised and could still fall apart.<\/p>\n

Money latest: Mobile provider reveals price hike<\/a><\/p>\n

If concluded, the transaction will come just two years after the business last changed hands.<\/p>\n

One private equity source suggested that TPG could seek to combine Optum UK with Nextech, a US-based provider of electronic medical record software to doctors’ practices.<\/p>\n

Optum UK’s business includes EMIS, which was taken over by the UnitedHealth subsidiary in 2023 in a deal worth about \u00a31.2bn.<\/p>\n

The takeover was engineered under the stewardship of Sir Andrew Witty, the former GlaxoSmithKline boss who has now stepped down as UnitedHealth’s chief executive.<\/p>\n

The US-listed company’s stock has fallen by exactly a third over the last year, leaving it with a market capitalisation on Tuesday of just under $310bn.<\/p>\n

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Bank of America has been advising on the sale process, which also drew interest from buyout firms including Blackstone.<\/p>\n

The prospective sale formed part of efforts by Sir Andrew’s successor, Stephen Hemsley, to arrest the company’s alarming valuation decline, they added.<\/p>\n

Optum’s takeover of EMIS was approved in September 2023 by British competition regulators following an in-depth Phase 2 investigation.<\/p>\n

TPG and Optum both declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"The American private equity giant TPG is closing in on a \u00a31bn-plus deal to buy the company which…\n","protected":false},"author":2,"featured_media":395722,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,137,500],"class_list":{"0":"post-395721","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-au","9":"tag-australia","10":"tag-health","11":"tag-healthcare"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/395721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=395721"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/395721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/395722"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=395721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=395721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=395721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}