NexTech Receives Private Equity Investment from Francisco Partners
Summary
NexTech, a Tampa, Fla.-based provider of fully integrated electronic medical records, practice management, and marketing software solutions for specialty physician practices, received a private equity investment from Francisco Partners.The amount of the transaction, whose close is still subject to customary conditions, including Hart-Scott-Rodino clearance, was not disclosed.Incepted in 1997 by Kamal Majeed, PhD, chief executive officer, NexTech offers fully-integrated, specialty specific, certified EMR, practice management, and marketing software that covers a wide array of specialty practice needs.The company has a client base of more than 7,000 providers and 40,000 office staff members.Francisco Partners will support NexTech’s continued growth in medical specialties, including bariatric surgery, dermatology, gastroenterology, ophthalmology, orthopedic surgery, otolaryngology, plastic surgery, general surgery centers and urology.