Private equity firm THL Partners is working with investment bank William Blair over a potential sale of healthcare software provider Nextech Systems that could value the company at around $1.5 billion, according to a report by Reuters.
Private equity firm THL Partners is working with investment bank William Blair over a potential sale of healthcare software provider Nextech Systems that could value the company at around $1.5 billion, according to a report by Reuters.
The report cites unnamed sources as revealing that work on the potential sale, which has attracted the attention of other private equity firms, is at an advanced stage. No final decision has been made though, and THL may yet choose not to proceed or to retain a minority stake in any deal.
THL acquired Nextech, which generates around $100 million in annual revenue and about $50 million in 12-month earnings before interest, taxes, depreciation and amortisation, from Francisco Partners, another buyout firm, in 2019 for more than $500 million.
