Private Equity Firm TPG Invests In Tryon Medical Partners In North Carolina

TPG Healthcare Partners, a division of private equity firm TPG Inc. invested in Tryon Management Group, LLC, which provides back office support for Tryon Medical Partners. Financial terms were not disclosed.

Tryon Medical Partners is an independent physician practice in Charlotte, North Carolina. It is physician-owned and -operated. CEO Dale Owens, Jr., M.D., said the investment by TPG is expected to help Tryon Management Group and Tryon Medical Partners achieve operational efficiencies and better care coordination. Tryon Medical Partners also anticipates that the TPG Healthcare investment will enable participation in new payment models and direct partnerships with employers . . .