Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

NextGen Healthcare hires Sides from Teladoc Health as CEO

Stock MarketsSep 20, 2021 08:45AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Svea Herbst-Bayliss

BOSTON (Reuters) - NextGen Healthcare (NASDAQ:NXGN) Inc said on Monday it has hired healthcare information technology veteran David Sides as its chief executive officer, three months after his predecessor left.

Sides joins the Atlanta-headquartered developer and marketer of healthcare information systems from Teladoc (NYSE:TDOC) Health Inc, a telemedicine and virtual healthcare company, where he was chief operating officer and has worked since 2019. He will start this week and will also hold the title of president.

The appointment comes as NextGen, valued at $1 billion, is in the late stages of a bitter proxy contest where the board is facing off against the company's founder.

Earlier in his career, Sides spent 17 years at health information technology services supplier Cerner (NASDAQ:CERN) where he was senior vice president for worldwide consulting.

NextGen's board chairman Jeffrey Margolis said in a statement that Sides was an "ideal" candidate and the company now has a "powerhouse management team that defines what leadership should look like: continuing stability in operations and customer delivery, upgraded strategic industry knowledge, and a seasoned and experienced leader as CEO."

Sides replaces Rusty Frantz, who left in late June after six years as NextGen's CEO and president.

Sides will run for a seat on the company's board, joining NextGen's slate of nine candidates.

Shareholders will vote on Oct. 13, electing either the company's nominees or company founder Sheldon Razin's four nominees. Razin, who has been a director since 1974, is not on the company's slate of nominees.

Razin has criticized NextGen's poor financial returns. Since January, NextGen's stock price has dropped 16.17% to close trading at $15.29 on Friday. The NASDAQ Composite Index has gained 16.73% during the same time.

NextGen Healthcare hires Sides from Teladoc Health as CEO

Related Articles

Stocks stall, oil cools, Evergrande and lira fall
Stocks stall, oil cools, Evergrande and lira fall By Reuters - Oct 21, 2021 5

By Marc Jones LONDON (Reuters) - World stocks slipped on Thursday as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a...

Miners, weak earnings drag European stocks lower
Miners, weak earnings drag European stocks lower By Reuters - Oct 21, 2021 2

By Anisha Sircar (Reuters) -European stocks retreated from six-week highs on Thursday, with miners leading the declines on renewed concerns about China's property sector, while...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email