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New Deal


Announced

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

Financials

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Transaction Value£1,070m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

health solutions

Software

Acquisition

Domestic

Private Equity

Private

Pending

Friendly

Single Bidder

Majority

Synopsis

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TPG, a private equity investment firm, agreed to acquire Nextech, a healthcare technology solution provider, from Thomas H. Lee Partners, a private equity firm, for $1.4bn. “Nextech’s goal is to simplify the healthcare experience so physicians can focus on what matters most: their patients. In TPG, we have found a partner who supports our mission to simplify the process of delivering excellent care and who brings to our organization distinct experience building businesses in the healthcare and software sectors. We’re excited to work together to grow our capabilities and strengthen our position as the end-to-end technology platform for specialty care providers,” Bill Lucchini, Nextech CEO.

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