NEW YORK : NextGen Healthcare, a provider of software that helps manage patients' records, is exploring options that include a sale of the company, according to people familiar with the matter.The U.S. company, which does not maintain headquarters as many of its employees work remotely, has hired investme
NEW YORK : NextGen Healthcare, a provider of software that helps manage patients' records, is exploring options that include a sale of the company, according to people familiar with the matter.
There is no certainty that NextGen, which has a market value of $1.1 billion, will reach a deal to sell itself, the sources added, asking not to be identified because the matter is confidential.Dealmaking in the healthcare sector has picked up as companies push to gain scale and cut costs, and private equity firms bet on an industry that has traditionally proved resilient in economic downturns, which some on Wall Street worry is looming.
Last month, private equity firm TPG agreed to acquire healthcare information technology platform Nextech from Thomas H. Lee Partners for $1.4 billion. Reuters reported on Monday that Waystar, one of NextGen's private equity-owned rivals, is preparing an initial public offering at a valuation of as much as $8 billion.
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