'TPG Working With JPMorgan Chase Bankers To Explore Potential $5 Billion Sale Of Healthcare Payments Software Firm Lyric, Sources Said' - Reuters Exclusive
TPG is working with JPMorgan on possible Lyric sale, sources saidLyric generates about $250 million of annual EBITDA, sources saidInsurers including UnitedHealth, CVS and Humana hire Lyric to prevent inaccurate medical
TPG owns a healthcare software company called Lyric that helps insurance companies catch billing mistakes. They're exploring selling it for around $5 billion, which means they're looking for a buyer—this is a normal business decision that doesn't tell us whether the company is doing great or struggling.
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