Francisco Partners has made an investment in NexTech, a specialty medical records software company.
NexTech is a provider of integrated electronic medical records, practice management, and marketing software for specialty physician practices. The company was founded in 1997 and is headquartered in Tampa (www.nextech.com).
The investment by Francisco Partners will support NexTech’s infrastructure and growth in medical specialties, including: bariatric surgery, dermatology, gastroenterology, ophthalmology, orthopedic surgery, otolaryngology, plastic surgery, general surgery centers and urology.
“NexTech is highly respected in the healthcare industry for its fully integrated offering, specialty focus, and leading-edge technology combined with 17 years of experience and strong customer service,” said Ezra Perlman, a partner at Francisco Partners. “NexTech’s products are among the most trusted within its specialty focus areas, and we look forward to supporting the company in its continued growth.”
Francisco Partners pursues investments in technology companies with transaction values ranging from $50 million to $2 billion. Transaction structures include buyouts, divisional divestitures, recapitalizations, restructurings and growth equity financings. Francisco Partners is headquartered in San Francisco (www.franciscopartners.com).
“Francisco Partners’ deep technology expertise, impressive track record in healthcare technology, and long tradition of successfully partnering with founders will enable us to accelerate our growth, innovate and ultimately better realize our mission to support physicians,” said Kamal Majeed, PhD, founder and chief executive officer at NexTech.
NexTech was advised by Raymond James and Holland & Knight LLP. Shearman & Sterling LLP acted as legal advisor to Francisco Partners.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-9-13
