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

NextGen Healthcare Shareholders to Receive $23.95 Per Share in Cash, a 46.4% Premium to Unaffected Stock Price  Transaction to Accelerate NextGen Healthcare’s Growth and Innovation as the Trusted Advisor to Healthcare Providers NextGen Healthcare, Inc., a leading provider of innovative, cloud-based healthcare technology solutions, today announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm. Upon completion of the transaction, NextGen Healthcare will become a privately held company. Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The per-share purchase price represents a 46.4% premium to the Company’s unaffected closing stock price on August 22 (the last trading day prior to published market speculation regarding a potential transaction involving the Company) and a 39.2% premium to the 30-day volume-weighted average price for the period ending September 1. “Under the terms of the agreement, NextGen Healthcare shareholders will receive significant immediate cash value for their shares. In addition, with Thoma Bravo as a partner, the Company will benefit from increased capital, expertise, and strategic flexibility to accelerate the Company’s leadership in providing healthcare technology solutions,” said David Sides, President and Chief Executive Officer at NextGen Healthcare. “Thoma Bravo has a 20+ year record of investing in premier compani...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT A.J. Rohde David Sides Goodwin Procter LLP Health IT Acquisitions Healthcare M&A Jeffrey H. Margolis Latham & Watkins LLP Morgan Stanley & Co. LLC NextGen Healthcare Peter Hernandez Thoma Bravo Wil Source Type: blogs