NextGen Healthcare, Inc.
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NextGen Healthcare, Inc. - overview
Established
1974
Location
Irvine, CA-California, US
Primary Industry
Healthcare IT
About
NextGen Healthcare, Inc. is a US-based provider of cloud-based electronic health record (EHR) and practice management software, focusing on improving the efficiency and effectiveness of specialty medical practices. NextGen Healthcare, Inc. offers innovative solutions in healthcare technology.
Founded in 1994, the company has undergone strategic changes, notably transitioning from a public company to a private entity. The firm is headquartered in the United States and In May 2025, Madison Dearborn Partners agreed to acquire a minority stake in NextGen Healthcare, Inc. from Thoma Bravo. David Sides is leading the firm as CEO as of 2025 NextGen Healthcare specializes in cloud-based electronic health record (EHR) and practice management (PM) software tailored specifically for specialty medical practices.
Their comprehensive platform integrates advanced artificial intelligence (AI) and automation technologies to enhance healthcare delivery, streamline operational workflows, and improve financial performance. Key offerings include the NextGen Ambient Assist, which transforms doctor-patient interactions into structured documentation, and NextGen Mobile, a mobile application that provides practitioners with access to EHR functionalities and AI-driven documentation tools from anywhere. The company serves a diverse client base, including independent physician practices and larger healthcare organizations across various geographical markets, including the United States, Canada, and select international locations.
Current Investors
Thoma Bravo
Primary Industry
Healthcare IT
Sub Industries
Consulting Services, Outsourcing, Healthcare IT
Website
www.nextgen.com
Verticals
Cloud Computing, HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
NextGen Healthcare, Inc. - timeline of key events
NextGen Healthcare, Inc. - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 444,667,000 | 490,225,000 | 492,477,000 | 509,624,000 | 531,019,000 | 529,173,000 | 540,239,000 | - | - | - |
| % Revenue Growth (YoY) | - | 10.2% | 0.5% | 3.5% | 4.2% | (0.3%) | 2.1% | - | - | - |
| EBITDA (USD) | 51,825,000 | 65,223,000 | 37,359,000 | 68,523,000 | 44,827,000 | 75,461,000 | 53,615,000 | - | - | - |
| Operating Income (USD) | 23,088,000 | 35,956,000 | 7,362,000 | 27,013,000 | 2,821,000 | 31,619,000 | 5,112,000 | - | - | - |
| Operating Margin | 5.2% | 7.3% | 1.5% | 5.3% | 0.5% | 6.0% | 0.9% | - | - | - |
| % EBITDA Margin | 11.7% | 13.3% | 7.6% | 13.4% | 8.4% | 14.3% | 9.9% | - | - | - |
| NET Income (USD) | 15,680,000 | 27,332,000 | 5,657,000 | 18,241,000 | 2,420,000 | 24,494,000 | 7,498,000 | - | - | - |
| % Net Margin | 3.5% | 5.6% | 1.1% | 3.6% | 0.5% | 4.6% | 1.4% | - | - | - |
NextGen Healthcare, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | NextGen Healthcare, Inc. | - | ||||||||
| Public to Private | Completed | NextGen Healthcare, Inc. | - | ||||||||
| Add-on, Corporate Carve Out | Completed | QSIDental | - | ||||||||
| Trade Sale | Completed | Entrada, Inc. | - |
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NextGen Healthcare, Inc. - employee data
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