TPG Capital LP made a non-controlling, strategic investment in accountable care organization KS Management Services LLC, doing business as Kelsey-Seybold Clinic.

Kelsey-Seybold Clinic is the management services organization serving the Kelsey-Seybold Medical Group PLLC, which will continue to be entirely owned and governed by physicians. It will use the investment to help expand its accountable care organization and care delivery model to additional locations and partners in the Houston area.

Evercore advised Kelsey-Seybold in the transaction, while William Blair and J.P. Morgan were financial advisers to TPG Capital.