TPG to acquire Nextech from Thomas H. Lee Partners for $1.4B

TPG has signed a definitive agreement to acquire Nextech from Thomas H. Lee Partners for $1.4B. TPG is investing in Nextech through TPG Capital, its U.S. and European late-stage private equity platform. Nextech provides comprehensive electronic medical record and practice management software to specialty physician practices. The company’s intelligent, cloud-based solutions are designed to meet the unique workflow requirements of its customers, helping specialty practices enhance operations and better support patient care and satisfaction using a single, integrated platform. The transaction is subject to regulatory review and the satisfaction of customary closing conditions, and is expected to close in the third quarter of 2023.