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NextGen Healthcare taken private by Thoma Bravo, key facts about the deal

AuthorVlad Schepkov
EditorAmbhini Aishwarya
Published 09/06/2023, 07:15 AM
© Reuters. NextGen Healthcare (NXGN) taken private by Thoma Bravo, key facts about the deal

NextGen Healthcare Inc (NASDAQ:NXGN) has entered into a definitive agreement to be acquired by Thoma Bravo. Here are key facts about the transaction:

  • Shareholders of NextGen Healthcare will receive $23.95 per share in cash as part of the agreement, representing a 46.4% premium to the company's unaffected closing stock price on August 22 and a 39.2% premium to the 30-day volume-weighted average price ending on September 1.
  • The agreement was approved unanimously by the NextGen Healthcare Board of Directors and follows interest from various parties, reflecting a deliberate process to maximize shareholder value and position the company for growth and success.
  • The transaction is expected to close in the fourth calendar quarter of 2023, subject to customary closing conditions, including approval by NextGen Healthcare shareholders and required regulatory approvals.

  • The acquisition will provide immediate cash value to NextGen Healthcare shareholders and offer the company increased capital, expertise, and strategic flexibility to strengthen its position in providing healthcare technology solutions.

  • Upon completion of the transaction, NextGen Healthcare will become a privately held company.

 

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