Announced
Completed
Financials
Tags
Acquisition
Friendly
Software
Private
Majority
Single Bidder
United States
Completed
cloud-based software
Private Equity
Synopsis
Global Payments, a provider of payment technology and software solutions, completed the acquisition of AdvancedMD, provider cloud-based software as a service solutions to small-to-medium sized ambulatory physician practices, from Marlin for $700m. “We are delighted to expand our owned software portfolio with the addition of AdvancedMD, a leader in the large and fragmented healthcare vertical market. This acquisition aligns perfectly with our software-driven strategy and will add significant SaaS revenue in a new, attractive market with strong payment fundamentals, further accelerating our business mix toward technology enablement," Jeff Sloan, Global Payments’ Chief Executive Officer.
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