Inside the deal: TTCP’s quest to fight loneliness with Pyx acquisition

“The sector is ripe for change and innovation” says TTCP partner and CEO Dawn Owens. 

The US Surgeon General Vivek Murthy recently warned of a loneliness epidemic hitting the country.

TT Capital Partners, a Bloomington, Minnesota-based private equity firm is stepping up to the table with a recent majority investment in Pyx Health, a Tucson, Arizona-based provider of technology and support that reduces loneliness.

PE Hub spoke with Dawn Owens, TTCP partner and CEO, on what enticed the firm to invest in this space. “We appreciate both the importance of addressing the issue [of loneliness] and what it does for healthcare quality, costs and access,” she said. “It’s an opportunity for people to have the best health they can achieve, and we have seen how difficult it can be to do those things.”

Founded in 2017, the company serves more than six million people in more than 70 markets across nearly 30 states covered under nearly all major payers, as well as government, employer and community health plans, according to Pyx Health.