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Nextech Announces Acquisition Of Touchmd, Enhancing Specialty Practice Patient Experience

Oct 11, 2022almost 3 years ago

Acquiring Company

Nextech

Acquired Company

TouchMD

TampaHealth CareSoftwareMedicalHealth CareSoftware

Description

Nextech, the market leader providing a single, comprehensive specialty practice solution including Electronic Health Record (EHR) and Practice Management (PM) functionality, is pleased to announce its acquisition of TouchMD, a visual consultation, marketing, and imaging software platform for plastic surgery, medspa, dermatology, and ophthalmology practices. With this acquisition, TouchMD combined with Nextech’s platform enhances both the digital and in-person patient experience and clinical experience for specialty practices.

Company Information

Company

Nextech

Location

Tampa, Florida, United States

About

Nextech is the complete EHR and practice management software provider for more than 11,000 physicians and 60,000 office staff in ophthalmology, dermatology, and plastic surgery specialties across the US. Since 1997, Nextech has focused on reducing costs and boosting productivity to drive efficiency, fuel growth, and simplify the delivery of excellent patient care for clients. Visit Nextech.com to learn more. Chris FarrellVP, Marketing(813) 998-4229

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed