Madison Dearborn Partners, LLC, a leading private equity investment firm based in Chicago, today announced that it has signed an agreement with Thoma Bravo, a leading software investment firm, to acquire a significant ownership position in NextGen Healthcare, Inc., a leading provider of innovative healthcare technology and data solutions. Thoma Bravo will retain a significant ownership position in NextGen Healthcare. MDP will partner with Thoma Bravo and NextGen Healthcare’s management team to support NextGen Healthcare’s growth.

“We are delighted to partner with MDP and Thoma Bravo to accelerate our investment in developing and delivering transformational solutions to the ambulatory healthcare marketplace,” said David Sides, Chief Executive Officer of NextGen Healthcare. “Our employees, clients, and partners are unified behind our vision of achieving Better Healthcare Outcomes for All. By combining our deep healthcare domain expertise with MDP’s extensive healthcare experience and Thoma Bravo’s renowned software operational expertise, we believe we can deliver on that vision faster.”

Srinivas (Sri) Velamoor, President and Chief Operating Officer of NextGen Healthcare, added, “We are excited to partner with MDP and Thoma Bravo to accelerate the next phase of our growth, and help our clients achieve market leading performance and efficiency fueled by new AI-driven capabilities. We are leveraging AI and automation to elevate every step of the provider and patient journey.”

“NextGen Healthcare has a proven track record of delivering innovative software solutions that enable healthcare practices across the country to improve the patient experience,” said Jason Shideler, Partner and Co-Head of Healthcare at MDP. “We are excited to partner with NextGen Healthcare’s management team and Thoma Bravo to help the Company expand its software offering and assist even more providers in operating efficiently and delivering seamless care to their patients.”

“It’s been a joy working alongside David, Sri and the NextGen management team helping to accelerate our long-term mission of Better Healthcare Outcomes for All,” said A.J. Rohde, a Senior Partner at Thoma Bravo. “We see so much innovation and opportunity ahead, and working with the MDP team again on these opportunities is an exciting endeavor.”

“We are incredibly proud of what we have accomplished in partnership with David, Sri and the entire NextGen Healthcare team since our initial investment in 2023,” added Peter Hernandez, a Senior Vice President at Thoma Bravo. “Together, we have significantly accelerated the Company’s business strategy and product roadmap to help deliver exceptional outcomes for providers and patients. We look forward to continuing to apply our operational and software capabilities to drive continued growth.

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