US-based private equity firm Advent International has agreed to acquire PatientPoint, a large-scale digital point-of-care network in the US, for an undisclosed sum.
Advent will acquire PatientPoint from an investor group led by L Catterton and Littlejohn for an undisclosed amount.
PatientPoint operates in 30,000 physician offices, providing patients, providers, and health brands with relevant information to drive better outcomes.
Advent said the acquisition builds upon its growing portfolio of healthcare technology companies and supports its strategy of expanding its portfolio.
The proposed acquisition is expected to be completed in Q4 2025, pending regulatory approvals.
Advent director Chris Comenos said: “We are thrilled to partner with PatientPoint, a leader in digital point-of-care engagement, as it continues its mission of helping patients take a more active role in understanding and managing their healthcare.
“We’re excited to help the company provide increasingly targeted messaging about treatment options and advanced therapies, offering sponsors and partners more efficient, personalised, and measurable campaigns.
“Given the platform’s position in a patient’s healthcare journey, we also believe it has strong potential to deliver new, innovative solutions that will drive beneficial health outcomes over time.”
PatientPoint is said to connect patients, providers, and health brands with crucial information, facilitating informed decisions.
The company’s platform also enables health brands to reach specific audiences, promoting awareness and positive behavioural changes.
According to Advent, the point-of-care market is witnessing a shift towards digital engagement, and the private equity firm aims to capitalise on the trend.
PatientPoint will retain its existing management team, supported by Advent’s advisors with expertise in healthcare and digital sectors.
Jefferies and Citi served as financial advisors, and Gibson Dunn & Crutcher as legal advisors to PatientPoint, on this transaction. Solomon Partners served as financial advisor and Ropes & Gray as legal advisor to Advent.
PatientPoint CEO Sean Slovenski said: “With Advent, we can accelerate growth, expand our network, and continue to deliver measurable value for providers, patients, and health brands.”
PatientPoint chief commercial officer Linda Ruschau said: “The new partnership is an incredible catalyst for growth.
“Advent gives us the resources to innovate faster, expand our reach, and deliver even more value to our clients as they look to engage audiences at the point of care and beyond.”
Last year, Advent International unveiled its plans to invest INR24.75bn ($300m) in Apollo HealthCo, an India-based digital health platform, owned by Apollo Hospitals Enterprise.
