TPG to Acquire Leading Specialty Healthcare IT Platform Nextech

TPG, a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions for specialty physician practices, from Thomas H. Lee Partners (THL) for $1.4 billion. TPG is investing in Nextech through TPG Capital, its U.S. and European late-stage private equity platform. “Nextech’s goal is to simplify the healthcare experience so physicians can focus on what matters most: their patients,” said Bill Lucchini, CEO at Nextech. “In TPG, we have found a partner who supports our mission to simplify the process of delivering excellent care and who brings to our organization distinct experience building businesses in the healthcare and software sectors. We’re excited to work together to grow our capabilities and strengthen our position as the end-to-end technology platform for specialty care providers.” Nextech provides comprehensive electronic medical record and practice management software to specialty physician practices. The company’s intelligent, cloud-based solutions are designed to meet the unique workflow requirements of its customers, helping specialty practices enhance operations and better support patient care and satisfaction using a single, integrated platform. “Our investment in Nextech builds on our thematic focus on healthcare IT solutions that enhance provider productivity and enable high-quality patient care across settin...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: EMR-EHR Health IT Company Healthcare IT Art Heidrich Bill Lucchini ClaimsXten Ganesh Rao Guggenheim Securities LLC Health IT Acquisitions Healthcare M&A IQVIA Katherine Wood Kirkland & Ellis Lyric Mark Bean Nextech Raymond Source Type: blogs