Philadelphia and Westerville, OH – September 8, 2022 – LLR Partners today announced a significant growth investment in Vantage Point Logistics (“VPL”), a supply chain management software provider that helps healthcare organizations improve resiliency and visibility of clinical supply chains. The capital will be used to support VPL’s continued product innovation and organic growth along with the exploration of strategic acquisitions. VPL’s current institutional investors, Radian Capital and Tamarind Hill, remain minority shareholders in the business.
“VPL has developed an innovative platform of supply chain solutions for health systems, specialty pharmacies and surgery centers bringing efficiency and cost savings to these organizations,” said Zack Sigal, Partner at LLR. “Provider consolidation, shifts in site of care and heightened focus on expense management have caused healthcare organizations to increasingly adopt technology solutions to drive clinical efficiency and savings. We’re excited to partner with VPL as they support more healthcare organizations to deliver more efficient care.”
VPL’s platform enables coordination and collaboration between healthcare suppliers, providers, and patients through its inbound freight (Surpass), outbound shipping (Traject and TrajectRx), track and trace visibility (View) and enhanced analytics (Percept) solutions. Today, the platform manages more than 6,000 suppliers across all facets of healthcare, including IDNs, critical access, outpatient, and pharmacy.
“VPL is trusted by more than 700 hospitals to deliver savings, insights, and peace of mind,” said Eric McGlade, Co-Founder and CEO of VPL. “LLR’s experience partnering with healthcare and technology businesses to support their growth will be exceptionally valuable as we continue to deliver benefits from reduced costs, better insights, and increased transparency and efficiency to healthcare organizations.”
“It has been exciting to work with VPL and support their significant growth over the past several years,” said Aly Lovett from Radian Capital. “We look forward to continuing our partnership alongside LLR and supporting VPL’s next stage of growth.”
Piper Sandler served as exclusive financial advisor to VPL in this transaction.
VPL is a software company delivering visibility and resiliency to clinical supply chains. By making the procurement-through-fulfillment processes smarter and more profitable, it creates a new supplier dynamic whereby customers benefit from reduced costs, better insights, and increased transparency and efficiency. VPL developed the industry’s only Smart Supply Chain Platform, which automates inbound and outbound shipping, unlocks visibility into the status of critical shipments, and identifies cost-savings opportunities for all of healthcare. For more information, visit www.getvpl.com.
About LLR Partners
LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at www.llrpartners.com.