Francisco Partners has agreed to acquire AdvancedMD, a medical office software provider based in Utah, from Global Payments, Inc.

AdvancedMD, which was founded in 1999, will continue to be led by its existing management team, with Amanda Sharp taking on the additional role of CEO.

Ezra Perlman, co-president at Francisco Partners, expressed confidence in the acquisition, emphasizing AdvancedMD's long-term growth and innovation.

The firm aims to enhance customer service following the acquisition, which is expected to be completed in the fourth quarter of 2024.

Moelis & Company LLC is advising Francisco Partners on the financial aspects of the deal, while Kirkland & Ellis LLP is providing legal counsel.

Bank of America and Wachtell, Lipton, Rosen & Katz are advising Global Payments in this transaction.