NextGen to acquire revenue cycle management firm
NextGen Healthcare Information Systems, a wholly owned subsidiary of Quality Systems and a provider of ambulatory healthcare information systems, has entered into an agreement to acquire Practice Management Partners (PMP), a healthcare revenue cycle management (RCM) company.
Headquartered in Hunt Valley, Md., PMP provides physician billing and technology management services to healthcare providers, primarily in Mid-Atlantic region. The company employs approximately 200 people and generates approximately $16 million in annual revenue, NextGen said.
In May, QSI and NextGen acquired another revenue cycle management company, Healthcare Strategic Initiatives, headquartered in St. Louis, Mo.
The Horsham, Pa.-based NextGen said it expects the transaction to be accretive in the first year.
Headquartered in Hunt Valley, Md., PMP provides physician billing and technology management services to healthcare providers, primarily in Mid-Atlantic region. The company employs approximately 200 people and generates approximately $16 million in annual revenue, NextGen said.
In May, QSI and NextGen acquired another revenue cycle management company, Healthcare Strategic Initiatives, headquartered in St. Louis, Mo.
The Horsham, Pa.-based NextGen said it expects the transaction to be accretive in the first year.