NextGen gains on report of advanced buyout talks with Thoma Bravo

Nextgen Healthcare

05/09/2023 11:34

** Shares of NextGen Healthcare  NXGN.O  up ~13% at $21.80
before the bell 
    ** Private equity firm Thoma Bravo is in advanced talks to
buy NXGN, Bloomberg reported on Monday, citing people familiar
with the matter 
    ** Deal could be announced as soon as this week, according
to the report 
    ** Reuters first reported that NXGN was exploring options
including a potential sale in August 
    ** NXGN's software helps healthcare providers with
operations ranging from digitalization of patients' health
records to the administration of finances
    ** Co's market cap was about $1.3 bln as of last close -
LSEG data
    ** As of last close, NXGN was up ~3% YTD 

 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))