NextGen Healthcare announced it has signed a definitive agreement to acquire TSI Healthcare, a privately held value-added reseller located in Chapel Hill, North Carolina. The acquisition shall be deemed effective 11:59 p.m. on November 30. The consideration is comprised of an upfront amount of $68M, which will be paid in cash with contingent consideration of up to $22M in cash in the form of an earnout, subject to achieving certain financial targets through March 31, 2025. The acquisition is expected to contribute approximately $10M to 12M of revenue in the remaining four months of fiscal 2023 and will be accretive to adjusted EBITDA and cash flow within a year. The company plans to update guidance when it reports its fiscal 2023 third quarter results.
Published first on TheFly
