M&A Deal Summary

NextGen Healthcare Acquires Medfusion

On November 13, 2019, NextGen Healthcare acquired information technology company Medfusion from Intuit for 43M USD

Acquisition Highlights
  • This is NextGen Healthcare’s 9th transaction in the Information Technology sector.
  • This is NextGen Healthcare’s 3rd largest (disclosed) transaction.
  • This is NextGen Healthcare’s 10th transaction in the United States.
  • This is NextGen Healthcare’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2019-11-13
Target Medfusion
Sector Information Technology
Buyer(s) NextGen Healthcare
Sellers(s) Intuit
Deal Type Divestiture
Deal Value 43M USD

Target

Medfusion

Cary, North Carolina, United States
Medfusion, Inc. is a provider of healthcare IT by centering on the information needs of the patient. It's patient-to-provider communication solutions that enable healthcare providers to offer superior service to their patients while improving office efficiency and generating revenue. Medfusion was founded in 1996 and is based in Cary, North Carolina.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

NextGen Healthcare

Irvine, California, United States

Category Company
Founded 1974
Sector Information Technology
Employees2,564
Revenue 653M USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 10 of 12
Sector (Information Technology) 9 of 11
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 2
Country (United States) 10 of 12
Year (2019) 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Topaz Information Solutions

Phoenix, Arizona, United States

Topaz Information Solutions is a healthcare solutions company dedicated to meeting the needs of behavioral health and social services organizations. Topaz Information Solutions technology is simple and easy to use, with role-based workflows. Developed by clinicians for clinicians, the content is focused on behavioral and integrated healthcare.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 OTTO Health

Boulder, Colorado, United States

OTTO Health is a Telehealth platform that seamlessly integrates into Electronic Health Records systems, allowing providers to have video visits with their patients as part of their normal workflows. OTTO partners closely with EHR providers to create a streamlined user experience, while maintaining the EHR/PM system as the single source of truth.

Buy -

Seller(S) 1

SELLER

Intuit

Mountain View, California, United States

Category Company
Founded 1983
Sector Software
Employees17,300
Revenue 14.4B USD (2023)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


DEAL STATS #
Overall 12 of 12
Sector (Information Technology) 3 of 3
Type (Divestiture) 10 of 10
State (North Carolina) 1 of 1
Country (United States) 12 of 12
Year (2019) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Origami Logic

Santa Clara, California, United States

Origami Logic, Inc. is a marketing analytics company that helps brands and agencies master their marketing performance. Origami Logic platform collects and harmonizes data from all online and offline marketing channels, so you can get accurate results quickly. Origami Logic, Inc. was founded in 2012 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 Credit Karma

San Francisco, California, United States

Credit Karma, Inc. is a provider of free consumer credit scores, delivered online and via mobile devices to users on-demand. Credit Karma provides these customers comprehensive, consolidated, and integrated views of their financial condition through credit scores and personalized financial analytics and gives users access to unique offers from consumer financial services companies.

Buy $7.1B