Thoma Bravo Acquires NextGen Healthcare

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.

TPG to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

NextGen Healthcare Acquires TSI Healthcare

November 30, 2022

Healthcare Services

NextGen Healthcare, Inc. agreed to acquire TSI Healthcare, a Chapel Hill, North Carolina-based value-added reseller of NextGen practice management and EHR solutions. The deal includes $68 million in cash upfront plus up to $22 million in earnout, is effective November 30, 2022, and is expected to add approximately $10–12 million of revenue in the remaining four months of fiscal 2023 while expanding NextGen’s presence in specialty physician markets.

Thomas H. Lee Partners Acquires Nextech Systems

June 26, 2019

Cloud & SaaS

Funds affiliated with Thomas H. Lee Partners (THL) have acquired Nextech Systems, a Tampa-based provider of cloud-based healthcare technology solutions for specialty physician practices, from Francisco Partners and other stockholders. THL plans to support Nextech's growth by enhancing its cloud platform and pursuing strategic M&A while Nextech will remain headquartered in Tampa and led by its existing management team.

Thoma Bravo Acquires Anaplan

June 22, 2022

Cloud & SaaS

Thoma Bravo, a leading private equity firm, completed an all-cash acquisition of Anaplan, Inc. for approximately $10.4 billion ($63.75 per share), taking the cloud-native planning software company private. As part of the transaction Anaplan CEO Frank Calderoni stepped down and Charles Goodman was appointed interim CEO; Thoma Bravo said it will invest to accelerate Anaplan's growth and product strategy.

Thoma Bravo Acquires Everbridge

March 1, 2024

Software

Thoma Bravo, a leading software-focused private equity firm, completed the acquisition of Everbridge, Inc., a global critical event management and public warning software provider, in an all-cash transaction valuing the company at approximately $1.8 billion ($35.00 per share). Everbridge will become privately held and its common stock has been delisted from Nasdaq; Thoma Bravo said it plans to invest in product innovation and accelerate Everbridge's growth.