NextGen Healthcare Enters into Definitive Agreement to Be Acquired by Thoma Bravo

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.

Actionable Takeaways:

• Investors interested in NextGen Healthcare should monitor the acquisition and the company’s plans.
• NextGen Healthcare customers should know about the acquisition and how it could impact their relationship with the company.

Practical Takeaways for Businesses:

• Businesses considering using NextGen Healthcare’s products and services should monitor the acquisition closely and be prepared for any changes.
• Businesses developing healthcare technology solutions should consider Thoma Bravo as a potential investor.
• The acquisition of NextGen Healthcare is a positive development for the healthcare technology industry. It is a sign that Thoma Bravo is committed to investing in the industry and helping companies like NextGen Healthcare grow and innovate.