Thoma Bravo is in advanced talks to buy software company NextGen Healthcare Inc., according to people familiar with the matter.
The private equity firm could announce a deal as soon as this week for NextGen, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall through, the people added.
Representatives for Thoma Bravo and NextGen didn’t immediately respond to requests for comment.
NextGen, a health-care information technology company, rose 6.2% to close at $19.33 in New York trading Friday, giving it a market value of about $1.3 billion.
Based in Atlanta, NextGen provides cloud-based technology services to outpatient health-care providers, according to its annual report.
Led by Managing Partner Orlando Bravo, Thoma Bravo is one of private equity’s most active technology investors. The firm agreed in June to sell Adenza to Nasdaq Inc. for $10.5 billion.
Reuters first reported last month that NextGen was exploring a sale.
Author: Michelle F. Davis and Liana Baker
