Nextech

Thomas H. Lee Partners Acquires Nextech Systems

Retrieved on: 
Wednesday, June 26, 2019
Data management, Technology, Finance, Surgery, Optical, Banking, General Health, Professional services, Software, Networks, Health, Finance, Money, Thomas H. Lee Partners, Thomas H. Lee, THL, Economy of the United States, Nextech, Thomas H. Lee Partners, L.P., Francisco Partners

Nextech Systems (the Company or Nextech), a leading provider of healthcare technology solutions for specialty physician practices, today announced that funds affiliated with Thomas H. Lee Partners, L.P. (THL), a premier private equity firm investing in middle-market growth companies, have acquired Nextech from Francisco Partners and its other stockholders.

Key Points: 
  • Nextech Systems (the Company or Nextech), a leading provider of healthcare technology solutions for specialty physician practices, today announced that funds affiliated with Thomas H. Lee Partners, L.P. (THL), a premier private equity firm investing in middle-market growth companies, have acquired Nextech from Francisco Partners and its other stockholders.
  • Founded in 1997 and headquartered in Tampa, Florida, Nextech is a complete healthcare technology solution for over 11,000 providers and 4,000 practices across a variety of core specialties.
  • Aeris Partners acted as financial advisor and Paul Hastings acted as legal advisor to Nextech and Francisco Partners.
  • Thomas H. Lee Partners, L.P. ("THL") is a premier private equity firm investing in growth companies headquartered in North America.