Bregal Sagemount backs Pandion Optimization Alliance
The 101-year-old group purchasing organization delivers procurement savings to more than 16,000 members across 60,000 sites nationwide, retaining those members at above 99%.
Takeaways
- Bregal Sagemount is acquiring Pandion Optimization Alliance.
- The target serves non-acute healthcare across United States.
- Bregal Sagemount's investment provides capital to expand Pandion's purchasing scale, strengthen supplier relationships, and pursue strategic add-on acquisitions in the.
Group purchasing organization Pandion Optimization Alliance, founded in 1925, has been acquired by growth-focused private equity firm Bregal Sagemount.
The Rochester, New York-based company serves over 16,000 members across 60,000 sites nationwide, primarily in non-acute healthcare, and has grown committed spend at a 31.6% CAGR while retaining members above 99%.
“Pandion has spent a century building trust with its members, and that discipline is exactly what we look for in a GPO business,” said Phil Yates, Partner at Sagemount.
Bregal Sagemount’s investment provides capital to expand purchasing scale and pursue add-on acquisitions in the non-acute healthcare GPO market.
The platform adds to the firm’s recent healthcare investments, including pharma supply chain software provider LSPedia and quality management software company Vastian.
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