M&A Deal Summary

Nextech Acquires SRS Health

On January 23, 2019, Nextech acquired information technology company SRS Health from Thoma Bravo

Acquisition Highlights
  • This is Nextech’s 2nd transaction in the Information Technology sector.
  • This is Nextech’s 3rd transaction in the United States.
  • This is Nextech’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-01-23
Target SRS Health
Sector Information Technology
Buyer(s) Nextech
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition

Target

SRS Health

Montvale, New Jersey, United States
SRS offers productivity-enhancing EHR and healthcare IT solutions for specialists and other high-performance physicians. With over 5,000 providers, the EHR company has built the largest national network of high-performance practices successfully using an EHR. Preeminent among orthopaedists, SRS is also the solution of choice among prominent ophthalmologists, cardiologists, and other specialists.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Nextech

Tampa, Florida, United States

Category Company
Founded 1997
Sector Software
DESCRIPTION

Nextech is a fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs. Nextech was founded in 1997 and is based in Tampa, Florida.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: New Jersey M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-25 SupraMed

San Diego, California, United States

SupraMed, Inc. is a developer of a web-based practice management system and electronic health record (EHR) built for the unique needs of plastic surgeons.

Buy -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 41 of 85
Sector: Information Technology M&A 10 of 24
Type: Add-on Acquisition M&A Deals 18 of 37
State: New Jersey M&A 3 of 3
Country: United States M&A 40 of 79
Year: 2019 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 PEC Safety Operations

Mandeville, Louisiana, United States

PEC Safety Operations LLC is a technology and training company focused on providing technology-enabled contractor management service for reporting and measuring contractor risk, safety and compliance information to owner clients (operators). PEC Safety was formed in 1993 and is based in Mandeville, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-07 Aucerna

Calgary, Alberta, Canada

Aucerna is a provider of solutions for integrated planning, execution, and reserves in the energy industry. Aucerna is a global source of technology and expertise, serving more than 500 customers from 12 global offices including Calgary, Houston, London, and Singapore. Aucerna serves the energy industry’s largest base of customers, from super-majors and emerging operators to energy investors, consultants, and educational institutions. Aucerna is based in Calgary, Alberta.

Buy -