NextGen Healthcare Agrees to Be Taken Private by Thoma Bravo in Deal Valued at $1.6 Billion

NextGen Healthcare Inc. (NXGN), an Atlanta, GA-based healthcare data provider, has agreed to be acquired by private equity firm Thoma Bravo in a deal valued at $1.6 billion.

Once completed, NextGen Healthcare, which has traded on the Nasdaq since 1982, will become a privately held company. The company’s shareholders will receive $23.95 per share in cash—a 46.4% premium to the stock’s closing price on August 22, just before news about a potential sale of the company became public.

NextGen President and CEO David Sides said a deal with Thoma Bravo will increase shareholder value and provide the company with “increased capital, expertise and strategic flexibility.”

Read the source article at Investopedia