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Fairport’s Pandion lands growth investment from NYC private equity firm
Fairport’s Pandion lands growth investment from NYC private equity firm
Fairport-based Pandion Optimization Alliance has secured a strategic growth investment from New York City private equity firm Bregal Sagemount as the healthcare purchasing organization looks to expand its reach and enhance services for members nationwide.
The investment will support Pandion’s next phase of growth, including efforts to strengthen member advocacy, increase purchasing scale and expand the services it provides primarily across the non-acute healthcare market. Financial terms of the transaction were not disclosed.
Bregal Sagemount has raised $11 billion in cumulative capital and focuses on investments in technology, healthcare and business services companies.
Founded in 1925, Pandion helps organizations streamline procurement, gain access to competitive supplier programs and generate greater value from purchasing spend. The company serves more than 16,000 members across 60,000 sites nationwide and reports member retention rates above 99%.
Through its group purchasing organization model, Pandion provides members with access to a curated portfolio of supplier contracts spanning foodservice, healthcare, pharmacy and business services.
“This investment allows us to build on what has always set Pandion apart: our member-first approach to purchasing,” said Travis Heider, Pandion president and CEO. “Sagemount understands the GPO landscape and shares our commitment to serving members with the scale, resources and service orientation to meet their evolving needs.”
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