Key Highlights
- Francisco Partners acquires AdvancedMD from Global Payments Inc.
- AdvancedMD’s cloud-based medical office software optimizes practice and patient workflows.
- Amanda Sharp promoted to CEO, driving growth and client-focused innovation.
- Acquisition bolsters Francisco Partners’ healthcare tech portfolio.
- Expected to close in Q4 2024, pending standard regulatory approvals.
Source: Business Wire
Notable Quotes
- “This acquisition positions our business to meet the evolving needs of our clients, expand the product portfolio, and continue to invest in the business and our team members.” — Amanda Sharp, CEO at AdvancedMD
- “We are excited to welcome AdvancedMD back to the FP portfolio and to partner with the team to continue building best-in-class healthcare software.” — Justin Chen, Partner at Francisco Partners
- “We appreciate all Global Payments has done to drive growth and innovation in this business and are confident that our acquisition will help AdvancedMD build on its strong foundation of success.” — Ezra Perlman, Co-President at Francisco Partners
SoHC's Take
Francisco Partners’ acquisition of AdvancedMD underscores its commitment to advancing healthcare technology, leveraging its experience in the sector to support independent practices and healthcare professionals. This strategic move strengthens AdvancedMD’s ability to expand its cloud-based solutions, addressing the evolving demands of healthcare providers. The continuity in management under Amanda Sharp signifies stability and a focus on sustained innovation, providing AdvancedMD a strong foundation to enhance patient outcomes and optimize operational efficiencies.
