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Francisco Partners to Acquire AdvancedMD for $1.125B

Nov 01, 2024•over 1 year ago

Contract Type

acquisition

South JordanSoftwareHealth CareMedical

Description

Francisco Partners plans to purchase medical software company AdvancedMD from Global Payments for $1.125 billion. This acquisition will position AdvancedMD as a standalone business to accelerate investment and expansion, with the company's president set to take on the CEO title.

Company Information

Company

AdvancedMD

Location

South Jordan, Utah, United States

About

AdvancedMD is a leading cloud-based provider of medical office software that provides a unified practice management, electronic health record, patient engagement, and payments software platform. AdvancedMD delivers an end-to-end practice and patient workflow to help healthcare practices, independent physicians, and medical billers optimize operations, reduce administrative burdens, manage higher patient encounters, and improve patient outcomes.

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