NextGen Healthcare, Inc. acquired TSI Healthcare, LLC for $72.4 million.
NextGen Healthcare, Inc. (NasdaqGS:NXGN) completed the acquisition of TSI Healthcare, LLC for $72.4 million on November 30, 2022. The preliminary purchase price is $50.5 million subject to customary working capital and other adjustments. Additionally, under the provisions of the securities purchase agreement, we may pay up to an additional $22 million of cash contingent consideration in the form of an earnout, subject to TSI achieving certain revenue targets through December 2024. The acquisition of TSI was funded by cash flows from operations and cash proceeds from our convertible senior notes.