Acquisition of joint control over WellSky by LGP and TPG: approval decision published

The European Commission’s approval on 15 September 2020, under Article 6(1)(b) of the EU Merger Regulation, of the acquisition of joint control over WellSky Corporation of the US (specialty healthcare software (SaaS) provider), has been published.

The acquiring companies are:

Leonard Green & Partners, L.P. of the US (private equity firm), and TPG Capital of the US (private investment firm),

In the European Economic Area, WellSky only markets software solutions which address medication management and chemotherapy management software: the Commission concluded that the proposed acquisition would raise no competition concerns, given that WellSky has negligible actual or foreseen activities within the territory of the Euro