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.
Francisco Partners has agreed to acquire AdvancedMD, a Utah-based medical office software provider, from Global Payments, Inc. The deal, with no disclosed financial terms, will see Amanda Sharp continue leading the company as CEO. The acquisition is expected to close in Q4 2024, enhancing AdvancedMD's focus on customer service.
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