Thoma Bravo Acquires NextGen – Merger Arbitrage Mondays

Key Highlights

• Thoma Bravo adds NextGen (NXGN) to its healthcare IT portfolio, which includes companies like Bluesight, Stratasan, and Mediware.
• Kroger (KR) will sell 413 stores to C&S Wholesale Grocers to secure antitrust approval for its $24.6 billion merger with Albertsons (ACI).
• Intercontinental Exchange (ICE) completes the acquisition of Black Knight (BKI).

NextGen Healthcare (NXGN)

On August 23, 2023, Reuters reported that healthcare technology solutions provider NextGen Healthcare was exploring options that included a sale of the company.

Originally known as Quality Systems, Inc., NextGen traces its origin back to 1973, when it was founded by Sheldon “Shelly” Razin. The company went public in 1982. After two decades of diverse acquisitions, NextGen came under the umbrella of QSI as its subsidiary in 2001.

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