SPI Digital health: ‘For Sale’ Sign Goes up at Nextech, but Who’s Buying?

Published: July 4, 2023

So, the ‘for sale’ sign reportedly went up at Nextech Systems last week. ‘Sources’ are quoted as saying that private equity firm THL Partners, who bought the US Tier-2 ambulatory EHR vendor for $500M in 2019, are now looking to cash in on their investment. 

The Signify View 

Generating around $100M in annual revenues and posting a $50M profit in 2022, Nextech would be a decent catch. Over the last four years it has evolved from pure ambulatory EHR vendor to adding practice management and revenue cycle management functions. This more rounded portfolio is increasingly a prerequisite of success for EHR vendors.  

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