Pyx Health announced on July 20 that it received a majority growth investment from private equity firm TT Capital Partners. According to data captured in the LevinPro HC database, this acquisition represents the 155th eHealth transaction of 2023, including 33 in the telehealth specialty.
Pyx Health is a scalable, 24/7 technology platform that reduces loneliness and social isolation by connecting with its members outside of the traditional care setting. Pyx Health was founded in 2017 and serves more than 6 million patients in more than 70 markets across nearly 30 states. The company works with nearly all major payers, as well as government, employer and community health plans across the United States. Pyx Health was previously acquired by Rallyday Partners in April 2021.
TT Capital Partners is a leading healthcare private equity investor, providing capital, expertise and insights to healthcare technology and services companies that have the potential to become market leaders. It is based in Minneapolis.
TripleTree LLC served as exclusive financial advisor to Pyx Health. Weiss Brown PLLC and Brownstein Hyatt Farber Schreck LLP provided legal advice to Pyx Health. Bass, Berry & Sims served as legal advisor to TT Capital Partners. Financial terms of the transaction were not disclosed.
