Francisco Partners is set to acquire AdvancedMD, a medical software company, from Global Payments for $1.125 billion. This deal, expected to close this quarter, aims to position AdvancedMD as a standalone entity to enhance investment and expansion in its cloud-based healthcare solutions.AdvancedMD, based in South Jordan, Utah, serves 40,000 practitioners and employs 800 people, providing a comprehensive software platform for practice management and patient engagement. Amanda Sharp, the company's president, will become CEO following the acquisition.
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