Brief: Nextgen Healthcare Announces Agreement To Acquire Tsi Healthcare

Nextgen Healthcare

30/11/2022 12:29

Nov 30 (Reuters) - NextGen Healthcare Inc  NXGN.O :
    * NEXTGEN HEALTHCARE ANNOUNCES AGREEMENT TO ACQUIRE TSI
HEALTHCARE
    * NEXTGEN HEALTHCARE INC - PROPOSED DEAL FOR CONSIDERATION
IS
COMPRISED OF AN UPFRONT AMOUNT OF $68 MILLION
    * NEXTGEN HEALTHCARE INC - PROPOSED DEAL FOR WITH CONTINGENT
CONSIDERATION OF UP TO $22 MILLION IN CASH IN FORM OF AN EARNOUT
    * NEXTGEN HEALTHCARE INC - ACQUISITION IS EXPECTED TO
CONTRIBUTE
APPROXIMATELY $10 TO 12 MILLION OF REVENUE IN REMAINING FOUR
MONTHS OF FISCAL 2023
    * NEXTGEN HEALTHCARE INC - ACQUISITION WILL BE ACCRETIVE TO
ADJUSTED EBITDA AND CASH FLOW WITHIN A YEAR
    * NEXTGEN HEALTHCARE INC - PLANS TO UPDATE GUIDANCE WHEN IT
REPORTS ITS FISCAL 2023 Q3 RESULTS

Source text for Eikon:  ID:nBw5GP6ZXa 
Further company coverage:  NXGN.O 
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