NextGen Healthcare - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

NextGen Healthcare M&A Summary

NextGen Healthcare has acquired 12 companies of its own, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

NextGen Healthcare’s largest acquisition to date was in 2015, when it acquired HealthFusion for $190M. NextGen Healthcare has acquired in 8 different US states. The Company’s most targeted sectors include information technology (92%) and internet software and services (9%).

NextGen Healthcare Ownership

Who owns NextGen Healthcare?

NextGen Healthcare is owned by Thoma Bravo. It was acquired on September 6, 2023.

Is NextGen Healthcare PE-backed?

Yes. NextGen Healthcare is owned by private equity investor Thoma Bravo.

NextGen Healthcare Business Overview

Where is NextGen Healthcare headquartered?

NextGen Healthcare is headquartered in Irvine, California.

What is NextGen Healthcare’s revenue?

NextGen Healthcare disclosed revenue of 653M USD for 2023 and 596M USD for 2022.

How many employees does NextGen Healthcare have?

NextGen Healthcare has 2,564 employees.

What sector is NextGen Healthcare in?

NextGen Healthcare is an information technology company.

When was NextGen Healthcare founded?

NextGen Healthcare was founded in 1974.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

NextGen Healthcare

NextGen Healthcare, Inc.

3525 Piedmont Road NE Building 6 Suite 700,
Irvine, California 30305
United States,
(404) 467-1500
www.nextgen.com

NextGen Healthcare is a provider of healthcare technology solutions. NextGen is reimagining ambulatory healthcare with solutions that enable high-performing practices to create healthier communities. NexGen partners with medical, behavioral and oral health providers in their journey toward whole person health and value-based care. NextGen Healthcare was founded in 1974 and is based in Irvine, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 - - 1 - - 12
vol $259M $68M $327M
Sell (0.2/yr) # 1 - - 1 - - 2
  14

Most Recent M&A

Company Date Value Type
TSI Healthcare 2022-11-30 68M USD Add-on Acquisition
Chapel Hill, North Carolina · www.tsihealthcare.com
QSIDental 2022-08-11 - Divestiture
Irvine, California · www.qsidental.com
OTTO Health LLC 2019-12-12 - Add-on Acquisition
Boulder, Colorado · www.ottohealth.com
Medfusion, Inc. 2019-11-13 43M USD Divestiture
Cary, North Carolina · www.medfusion.net
Topaz Information Solutions 2019-10-23 - Add-on Acquisition
Phoenix, Arizona · www.topazis.com
The Poseidon Group, Inc. 2016-07-19 - Divestiture
Atlanta, Georgia · www.poseidongroup.com
HealthFusion, Inc. 2015-11-02 190M USD Add-on Acquisition
Solana Beach, California · www.healthfusion.com
Gennius, Inc. 2015-04-09 - Add-on Acquisition
Waltham, Massachusetts · www.gennius.com
Mirth Corp. 2013-09-09 - Add-on Acquisition
Costa Mesa, California · www.mirthcorp.com
The Poseidon Group, Inc. 2012-05-16 - Add-on Acquisition
Atlanta, Georgia · www.poseidongroup.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
NextGen Healthcare Information Systems, Inc.    - Entrada, Inc. 2017-04-12 4
Horsham, Pennsylvania · www.nextgen.com Brentwood, Tennessee · www.entradahealth.com
NextGen Healthcare Information Systems, Inc.    - NextGen Healthcare - Hospital Solutions Division 2015-10-22 1
Horsham, Pennsylvania · www.nextgen.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 11 (92%) 137M (42%) 1 (50%) -
Internet Software and Services 1 (8%) 190M (58%) 1 (50%) -
Total 12 $327M 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 327M 2 -
  Georgia 2 - 1 -
  California 2 190M 1 -
  Texas 2 26M - -
  North Carolina 2 111M - -
  Ohio 1 - - -
  Massachusetts 1 - - -
  Colorado 1 - - -
  Arizona 1 - - -
Total 12 $327M 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Healthcare Growth Partners LLC
 1
Legal Deals
Latham & Watkins
 1

Deal Values

buy # Total
$100M to $1B 1 $190M
< $100M 3 $137M
TOTAL $327M
Largest HealthFusion, Inc.
$190M (2015-11-02)

M&A Connections

Deals
Acquired from
Investor(s)
17%
2 (17%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Information Technology

Revenue

653   10% 2023
596   8% 2022
557   4% 2021
540   3% 2020
529   1% 2019
531   5% 2018
510   4% 2017
492   1% 2016
490   11% 2015
444   10% 2014
460   2013
(millions of USD) Show More Show Less

Employees

2,564

Established

1974

Former Name

Quality Systems, Inc.

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