Pandion Optimization Alliance announced a strategic growth investment from Bregal Sagemount. The investment will support Pandion’s next phase of growth as it strengthens member advocacy, expands purchasing scale, and enhances services across the non-acute healthcare market.
Pandion is a group purchasing organization founded in 1925. The company helps organizations simplify purchasing, access competitive supplier programs, and generate value from procurement spend.
Today, Pandion serves more than 16,000 members across 60,000 sites nationwide. The company said it has member retention rates above 99%, with members accessing supplier contracts across foodservice, healthcare, pharmacy, and business services.
Pandion has completed four acquisitions over the last five years. The company has also grown committed spend at a 31.6% compound annual growth rate, reflecting momentum across its member base and supplier network.
With Sagemount’s investment and sector expertise, Pandion plans to expand purchasing scale, broaden supplier relationships, and pursue strategic acquisition opportunities. Sagemount’s investment includes a multi-hundred-million-dollar commitment for additional M&A and growth initiatives.
The deal continues Sagemount’s activity in group purchasing and procurement network investing. Pandion represents the firm’s fourth platform investment in the sector, following Buyers Edge Platform, Corcentric, and Procure Analytics.
In connection with the partnership, Sagemount Partner Phil Yates, Partner and Head of Growth Factors Curt Witte, and Vice President Connor Pams will join Pandion’s Board of Directors. Yates and Pams have led Sagemount’s prior group purchasing investments, while Witte brings healthcare and large GPO experience, including leadership roles at Cardinal Health and experience building NetRX.
Pandion was advised by Croft & Bender and Goodwin Procter. Sagemount was advised by Baird and Goodwin Procter. Terms of the transaction were not disclosed.
KEY QUOTES:
“This investment allows us to build on what has always set Pandion apart: our member-first approach to purchasing. Sagemount understands the GPO landscape and shares our commitment to serving members with the scale, resources, and service orientation to meet their evolving needs. We are excited to partner with the Sagemount team as we continue strengthening our platform to best support members with a focus on the non-acute market.”
Travis Heider, President and CEO of Pandion
“Pandion has spent a century building trust with its members, and that discipline is exactly what we look for in a GPO business. Our prior partnership with Buyers Edge Platform, which grew revenue and profits by ~300% while integrating 21 acquisitions during our hold period, reinforced our conviction in the power of scaled, member-focused procurement platforms. We see many of the same qualities in Pandion, including its service-driven culture, national supplier portfolio, and consistent execution. We look forward to supporting Travis and the Pandion team as they continue to expand the platform.”
Phil Yates, Partner at Bregal Sagemount
