September 06, 2023: NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, announced today that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm.
Under the terms of the agreement, Thoma Bravo will acquire NextGen Healthcare for $23.95 per share in cash. The transaction is valued at approximately $10.8 billion, including the assumption of debt.
The acquisition is expected to close in the fourth quarter of 2023, subject to customary closing conditions.
NextGen Healthcare provides a comprehensive suite of software solutions that help healthcare organizations improve the quality and efficiency of care. More than 20,000 healthcare organizations use the company’s solutions, including hospitals, physician practices, and post-acute care providers.
Thoma Bravo is a leading software investment firm with a long history of investing in and building successful software companies. The firm has invested in over 400 software companies over the past 20 years, with a total value of over $100 billion.
The acquisition of NextGen Healthcare is a major win for Thoma Bravo and a significant milestone for the healthcare technology industry. The transaction is expected to accelerate NextGen Healthcare’s growth and innovation and help the company deliver even more value to its customers.
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