Deal Details
Veritas Acquires Majority Stake in GHX
Summary
Veritas Capital (“Veritas” or the “Company”) has acquired a majority stake in Global Healthcare Exchange (“GHX”), a portfolio company of Temasek and Warburg Pincus LLC (“Warburg Pincus”). Terms of the transaction were not disclosed.
Baird served as a financial advisor to Veritas on this transaction.
About
GHX is reimagining how healthcare works by powering a more intelligent, resilient and connected supply chain. Through AI-driven automation, cloud-based solutions and intelligent decision support, GHX helps healthcare organizations increase operational agility, reduce unnecessary spend and improve outcomes. For more than 25 years, GHX has been a trusted partner across the healthcare ecosystem—from providers and suppliers to distributors and government agencies—working to remove billions in waste and strengthen the economic foundation of care delivery. GHX is headquartered in Louisville, Colorado.Veritas is a longstanding technology investor with over $54 billion of assets under management as of September 30, 2025 and a focus on companies operating at the intersection of technology and government. The Company invests in companies that provide mission-critical products, services and software, primarily technology and technology-enabled solutions, to government and commercial customers worldwide in industries and sectors supported by a government-related customer base or impacted by government regulation or policy. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, energy and national security, is core to the Company. Veritas is a proud steward of national and global assets, focused on improving the quality of healthcare while reducing cost, advancing educational systems, accelerating energy transition and protecting our nation and allies.
Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$434 billion (US$324 billion) as at 31 March 2025. Its Purpose, “So Every Generation Prospers,” guides it to make a difference for today’s and future generations. Temasek seeks to build a resilient and forward-looking portfolio that will deliver sustainable returns over the long term. It has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco and Washington, DC outside Asia.
Warburg Pincus is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in its active portfolio, diversified across stages, sectors and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate and capital solutions strategies. The firm is headquartered in New York with more than 15 offices globally.
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- Date
- March 2026
- Company
- Veritas Capital
- Transaction
- M&A - Buyside
- Sectors
- Healthcare
- Verticals
-
Healthcare IT & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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