TPG invests $75 million into life sciences service firm: sources

The growth equity arm of buyout firm TPG Capital LP has invested $ 75 million in life sciences services company Precision for Medicine, according to people familiar with the matter, the latest in a string of TPG investments in the healthcare sector. The company was founded in 2013 by healthcare executives Ethan Leder and Mark Clein with $ 150 million in financing led by investment firms Oak Investment Partners, J.H. Whitney and Company, and LCI Capital. TPG has invested steadily in the healthcare sector since the firm was founded in 1992 by David Bonderman and James Coulter.
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