Francisco Partners to Acquire AdvancedMD from Global Payments

Francisco Partners Acquires Office Ally

December 20, 2021

Cloud & SaaS

Francisco Partners has acquired Office Ally, a provider of cloud-based healthcare clearinghouse and revenue cycle management software. The investment will support Office Ally's product innovation and growth as founder Brian O'Neill retires and Chris Hart is named CEO.

Francisco Partners Makes Strategic Growth Investment in Paradigm

October 13, 2021

Software

Francisco Partners has made a strategic growth investment in Paradigm, the software group that manages PracticePanther, Bill4Time, MerusCase and Headnote, to support product innovation and continued growth. Paradigm, formed by ASG and backed by Alpine Investors, will use the capital and Francisco Partners' software and payments expertise to expand its product suite and accelerate adoption among law firms; the transaction is expected to close in Q4 with terms undisclosed.

Banyan Software Acquires Medtech Global

February 19, 2025

Software

Banyan Software has acquired 100% of Medtech Global, a New Zealand–headquartered provider of practice management and health technology solutions including Medtech Evolution, Artia, Medeor and ALEX. The seller parties were Advent Partners and Geoffrey Sayer (Medtech CEO), who will remain as CEO under Banyan's ownership; the deal strengthens Banyan's healthcare software footprint across Australia and New Zealand.

ModuleMD Acquires Diversified Health Care Management and MedEase Practice Management

September 4, 2023

Healthcare Services

ModuleMD has acquired Diversified Health Care Management, Inc. and MedEase (DBA Professional Management Services, Inc.) to expand its revenue cycle management (RCM) capabilities and client footprint in the northwestern United States. The deal brings the target teams and technology into ModuleMD’s physician‑designed SaaS platform to accelerate automation across claims management using RPA, analytics and AI.

Madison Dearborn Partners Acquires Significant Ownership Position in NextGen Healthcare

May 2, 2025

Healthcare Services

Madison Dearborn Partners (MDP) has acquired a significant ownership position in NextGen Healthcare, partnering with existing investor Thoma Bravo and NextGen management to accelerate the company's growth and increase R&D investment. Thoma Bravo retains a material ownership stake; NextGen will also implement a planned CEO succession with President & COO Srinivas (Sri) Velamoor succeeding David Sides.

Francisco Partners Provides $150M Growth Financing to Zocdoc

February 11, 2021

Healthcare Services

Zocdoc announced $150 million in growth financing from Francisco Partners to accelerate its product, sales and marketing investments after shifting to a profitable variable revenue model. The capital will support expansion of Zocdoc's telehealth and scheduling marketplace capabilities—including its Vaccine Scheduler—across providers, health systems and public health agencies.