Evolent Health will pay up to $462 million for Biz IPG surgical tools

By Elaine Briseño (June 29, 2022, 5:00 p.m. EDT) – Evolent Health announced Wednesday that it will acquire IPG, a technology and services company led by Ropes & Gray LLP, which provides surgical management tools for musculoskeletal conditions. -skeletal, in a deal worth up to $462 million.

The agreement provides that Evolent Health will buy IPG for $375 million, with an additional conditional payment of $87 million possibly coming later, according to a statement. When the deal closes, New Century Health will absorb the IPG team. New Century Health is a wholly owned subsidiary of Evolent Health specializing in specialty cardiology and oncology care.

IPG CEO Vince Coppola said in the statement that the proposed partnership…

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