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global payments sells advancedmd for 1.13 billion to focus on core operations

Global Payments is selling its medical software unit, AdvancedMD, to Francisco Partners for $1.13 billion as part of a strategy to streamline operations and focus on core payment processing. The company plans to use some proceeds for a $600 million accelerated stock buyback. AdvancedMD, acquired for $700 million in 2018, provides software services to healthcare facilities in the U.S. The deal is expected to close in the fourth quarter.
reuters.com
United States Dollar Moelis & Company Global Payments Inc. Bank of America Corporation USA Shilpi Majumdar Tien-tsin Huang Show more
Finance & Economy, News Article
14:23 30.10.2024
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