Acquiring Company
NextGen Healthcare
Acquired Company
TSI Healthcare
AtlantaSoftwareHealth CareMedicalinformation technology & servicesHealth CareDescription
NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative cloud-based healthcare technology solutions, today announced it has signed a definitive agreement to acquire TSI Healthcare, a privately held value-added reseller located in Chapel Hill, NC. The acquisition shall be deemed effective 11:59 p.m. on November 30, 2022. The consideration is comprised of an upfront amount of $68 million, which will be paid in cash with contingent consideration of up to $22 million in cash in the form of an earnout, subject to achieving certain financial targets through March 31, 2025. The acquisition is expected to contribute approximately $10 to 12 million of revenue in the remaining four months of fiscal 2023 and will be accretive to adjusted EBITDA and cash flow within a year. The company plans to update guidance when it reports its fiscal 2023 third quarter results.
Quick answer
NextGen Healthcare is acquiring TSI Healthcare, announced November 30, 2022. NextGen Healthcare is based in Atlanta, Georgia, United States.
- How much did NextGen Healthcare pay for TSI Healthcare?
- The deal value was not disclosed.
- What does NextGen Healthcare do?
- NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions.
- Where are NextGen Healthcare and TSI Healthcare based?
- NextGen Healthcare is based in Atlanta, Georgia, United States.
- Who are the decision-makers at NextGen Healthcare?
- Fundz holds 1 contact at NextGen Healthcare. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at NextGen Healthcare, and when
When NextGen Healthcare changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day NextGen Healthcare raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NextGen Healthcare, from your own LinkedIn network
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Related People
Frequently asked
Who acquired TSI Healthcare?
TSI Healthcare was acquired by NextGen Healthcare, based in Atlanta. The deal was reported on November 30, 2022. NextGen Healthcare, Inc. is a leading provider of innovative healthcare technology and data solutions. NextGen Healthcare is privately held and operates in Software.
When did NextGen Healthcare acquire TSI Healthcare?
NextGen Healthcare's acquisition of TSI Healthcare was reported on November 30, 2022. NextGen Healthcare, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TSI Healthcare do?
TSI Healthcare® is a national leader in the sales and support of customized NextGen® Practice Management and Electronic Health Record software. It is privately held, operating in Health Care.
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