M&A Deal Summary

NextGen Healthcare Information Systems Acquires Entrada

On April 12, 2017, NextGen Healthcare Information Systems acquired information services company Entrada from Claritas Capital for 34M USD

Acquisition Highlights
  • This is NextGen Healthcare Information Systems’ 1st transaction in the Information Services sector.
  • This is NextGen Healthcare Information Systems’ largest (disclosed) transaction.
  • This is NextGen Healthcare Information Systems’ 3rd transaction in the United States.
  • This is NextGen Healthcare Information Systems’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2017-04-12
Target Entrada
Sector Information Services
Buyer(s) NextGen Healthcare Information Systems
Sellers(s) Claritas Capital
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

Entrada

Brentwood, Tennessee, United States
Entrada, Inc. is a provider of integrated mobile solutions to improve healthcare efficiencies and outcomes. Their products are Entrada Desktop, Entrada Mobile and Entrada Real-Time Speech-to-Text. Entrada was formed in 2005 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

NextGen Healthcare Information Systems

Horsham, Pennsylvania, United States
Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

NextGen Healthcare Information Systems, Inc. provides integrated clinical, connectivity and financial solutions, including revenue cycle management services for ambulatory, inpatient and dental provider organizations.

DEAL STATS #
Overall 3 of 4
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Tennessee) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 NextGen Healthcare - Hospital Solutions Division

United States

NextGen Healthcare - Hospital Solutions Division is a provider of an integrated operations suite for critical access and rural hospitals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 EagleDream Health

Rochester, New York, United States

EagleDream Health, Inc. is a cloud-based analytics company that drives meaningful insight across clinical, financial and administrative data to optimize practice performance. EagleDream Health is based in Rochester, New York.

Buy -

Seller(S) 1

SELLER

Claritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 7 of 11
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (Tennessee) 4 of 7
Country (United States) 7 of 11
Year (2017) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Edo Interactive

Nashville, Tennessee, United States

Edo Interactive, Inc. is a provider of personalize offers and make them automatically available through credit or debit cards and mobile devices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 A Head for Profits

Nashville, Tennessee, United States

A Head for Profits is a provider of bar equipment installation services intended for brewers, distributors, and the hospitality industry. A Head for Profits was founded in 2010 and is headquartered in Nashville, Tennessee.

Buy -
Mergr

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