Saturday, November 11, 2023
Thoma Bravo, a leading software investment firm, has officially completed the acquisition of NextGen Healthcare, a prominent provider of cloud-based healthcare technology solutions, for a total consideration of $1.8 billion. Under the concluded deal, shareholders of NextGen Healthcare will be entitled to receive $23.95 per share in cash.
The trading of the company's common stock has ceased, and it is slated to be delisted from Nasdaq. NextGen Healthcare specializes in client-focused solutions designed to address critical challenges for ambulatory healthcare providers nationwide. The company serves over 100,000 ambulatory healthcare providers, delivering care to more than 65 million patients across the United States. In 2023, NextGen® Enterprise, the company's flagship platform, received top honors as the #1 EHR and PM in the rankings by BlackBook Research.
The company's diverse portfolio includes innovative offerings such as AI-powered NextGen® Ambient Assist, NextGen® Mobile (rated 4.5 out of 5 stars on the app store), and NextGen Virtual Visits™, boasting a patient satisfaction NPS score of 80. Furthermore, NextGen Healthcare caters to the small practice market with its NextGen® Office SaaS solution. The company is also a notable player in interoperability, with its solutions powering 35% of Health Information Exchanges (HIEs).