NextGen Healthcare, Inc.

NextGen Healthcare, Inc.

NextGen Healthcare, Inc.

Overview
Date Founded

1974

Headquarters

18111 Von Karman Avenue,Suite 800,Irvine, CA 92612

Type of Company

Public

Employees (Worldwide)

2,660

Industries

IT Consulting & Services
Hospitals & Patient Services
Medical Support Services
Biotechnology

Company Description

NextGen Healthcare, Inc. engages in the development and marketing of electronic health records, practice management, revenue cycle management, and interoperability solutions. It offers the core; automation and workflow; analytics, population health, and patient engagement, interoperability; managed services; professional services; and client service and support. The company was founded by Sheldon Razin in 1974 and is headquartered in Irvine, CA.

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Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial & Accounting Officer

Executive Vice President, General Counsel & Secretary

Executive Vice President & Chief Technology Officer

Chief Medical Officer

Executive Vice President, NextGen Revenue Cycle Management Services

Executive Vice President-Human Resources

Executive Vice President & Chief Solutions Officer

Chief Operating Officer

Senior Director

Board of Directors

Chairman & Chief Executive Officer at Welltok, Inc.

Partner at Katten Muchin Rosenman LLP

Former Chief Executive Officer at Availity LLC

Chief Executive Officer at DICOM Grid, Inc.

Executive Vice President & Chief Financial Officer at XIFIN, Inc.

Former President & Global Chief Executive Officer at Startek, Inc.

President & Chief Executive Officer at NextGen Healthcare, Inc.

Managing Director, Investment Banking at CB Capital Partners, Inc.

Founder at NextGen Healthcare, Inc.

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Owners & Shareholders
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BCM evaluates the economic and investment environment to identify the most attractive companies for investment and desired market exposure. Their approach is primarily one of fundamental analysis in evaluating securities. Among the individual company factors considered in evaluating securities are past and prospective earnings and dividends, cash flow, return on equity and invested capital, asset value, and debt/equity ratio. Industry factors are also considered as part of the fundamental analysis, including competitive position versus peer groups worldwide, product cycles, barriers to entry, and global supply & demand conditions. Country factors include macroeconomic conditions, along with government, regulatory and cultural influences for international securities. Valuation analysis is utilized for securities to make a judgment whether the security is a superior investment value in both an absolute sense and relative to alternative rates of return in the financial markets on a risk adjusted basis. BCM utilizes financial newspapers, magazines, and periodicals to keep abreast of information of a general nature. The investment strategy employed by the firm generally involves establishing long term positions.

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Investment Counselors of Maryland (ICM) offers clients value investment solutions across the market-cap spectrum. In doing so, the firm utilizes two distinct investment processes. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced. These two strategies include: Small Cap, SMID Cap & Mid-Cap Value and Large Cap Value.In selecting investments for their Small Cap, SMID Cap & Mid-Cap Value strategies, ICM seeks to invest in companies that they estimate to be undervalued that also possess leading market share positions, shareholder-oriented management teams, and strong balance sheets and cash flow ratios. Usually, the shares of the companies they buy are selling at a price-to-earnings ratio below the average price-to-earnings ratio of the stocks in the broad capitalization-specific indices (i.e. Russell 2000 , Russell 2500 and Russell Midcap). The companies usually have higher return-on-equity and return-on-capital than the average company in those same indices. Using screening parameters such as price-to-earnings, relative return-on-equity and other financial ratios, ICM screens the universe of investments to identify potentially undervalued securities. They further narrow the list of potential investments through traditional fundamental security analysis.For their Large Cap Value strategy, ICM seeks to identify companies that are well-capitalized with sustainable competitive advantages and strong management teams. Using various screening parameters, they seek to identify potentially undervalued securities. ICM further narrows the list of potential investments through traditional fundamental security analysis. Investment are chosen once ICM is convinced the securities are undervalued and after they have attempted to discover a positive inflection point in the company's business momentum. ICM's primary focus is to confirm the competitive position of the company and that it is sufficiently undervalued based on historical valuation parameters, given their projected estimates for earnings and free-cash-flow.

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Paradigm Capital Management employs a disciplined, bottom-up approach with an emphasis on fundamental analysis and extensive management contact on undervalued small-cap securities. The firm looks for what they believe to be high-quality companies trading at discounts to their assessment of intrinsic value. They strive to achieve this by combining a long-term, high-conviction approach with meticulous, independent research. Paradigm Capital Management conducts disciplined fundamental research to identify mispriced small-cap equities whose short-term pricing does not accurately reflect the true earning potential of the company. The firm offers 6 strategies which are primarily offered to clients as investable products: Micro-Cap, Small-Cap, SMid-Cap, Value, High Net-Worth, and Defensive.

Recent Transactions
Details Hidden

NextGen Healthcare, Inc. purchases Medfusion, Inc. from Hatteras Venture Partners, Bull City Venture Partners LLC

Details Hidden

GreyCastle Security LLC purchases EagleDream Health, Inc. /Cybersecurity Division from NextGen Healthcare, Inc.

Details Hidden

NextGen Healthcare, Inc., NextGen Healthcare Information Systems LLC purchase EagleDream Health, Inc.

Transaction Advisors
Legal Advisor

Advised onNextGen Healthcare, Inc., NextGen Healthcare Information Systems LLC purchase Entrada, Inc. from Clayton Associates LLC, Claritas Capital LLC

Accountant

Advised onNextGen Healthcare, Inc. purchases Clinitec International, Inc.

Escrow Agent

Advised onNextGen Healthcare, Inc., NextGen Healthcare Information Systems LLC purchase Entrada, Inc. from Clayton Associates LLC, Claritas Capital LLC

Legal Advisor

Advised onNextGen Healthcare, Inc., NextGen Healthcare Information Systems LLC purchase Entrada, Inc. from Clayton Associates LLC, Claritas Capital LLC

Legal Advisor

Advised onNextGen Healthcare, Inc., NextGen Healthcare Information Systems LLC purchase Entrada, Inc. from Clayton Associates LLC, Claritas Capital LLC

Associate

Advised onNextGen Healthcare, Inc. purchases Medfusion, Inc. from Hatteras Venture Partners, Bull City Venture Partners LLC

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Consultant

Former President & Chief Executive Officer at NextGen Healthcare, Inc.

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Adventist Health System Sunbelt Healthcare Corp. engages in the provision of healthcare services. Its services include bariatric and weight care, behavioral health, cancer care, critical care, children's care, diabetes, and digestive care. The company was founded in 1866 and is headquartered in Altamonte Springs, FL.

Sinai Health System now consists of Mount Sinai Hospital, Holy Cross Hospital, Sinai Children’s Hospital, Schwab Rehabilitation Hospital, Sinai Medical Group, Sinai Community Institute and Sinai Urban Health Institute. Mount Sinai Hospital is a 319-bed teaching, research and tertiary-care facility that provides medical, surgical, behavioral health, therapeutic and diagnostic services to Chicago's West Side, as well as to others in the metropolitan area requiring sophisticated medical and surgical care. The Emergency Department is one of four Level I trauma centers in Chicago, treating both adult and pediatric trauma patients. Holy Cross Hospital, a 274-licensed bed community hospital, provides medical, surgical, intensive, emergency, labor and delivery, rehabilitation, outpatient and primary care services as well as a Seasons Hospice and Palliative Care unit. Its Emergency Department delivers comprehensive care for a broad range of critical and urgent medical needs. Holy Cross Hospital has achieved the Health Facilities Accreditation Program Primary Stroke Center certification. Holy Cross Hospital works closely with area churches, schools, institutions and organizations to build strong, safe and healthy communities. Sponsored by the Sisters of St. Casimir in 1928, Holy Cross Hospital follows the United States Conference of Catholic Bishops Ethical and Religious Directives for Catholic Healthcare.

Father Flanagan's Boys' Home provides child care and treatments. It offers services for children's emotional and behavioral issues. The company was founded by Edward J. Flanagan in 1917 and is headquartered in Boys Town, NE.

Key Stats and Financials As of 2019
Market Capitalization
$882M
Total Enterprise Value
$1.07B
Earnings Per Share
$0.38
Revenue
$529M
Three Year Compounded Annual Growth Rate Of Revenue
2.42%
Five Year Compounded Annual Growth Rate Of Revenue
3.54%
Net Profit
$24.5M
Total Equity
$376M
EBITDAMargin
13.36%
Enterprise Value Sales
2.01x
TEVNet Income
43.5x
Debt TEV
0.01x
EBITDA
$70.7M
Total Debt
$12.8M
Enterprise Value EBITDAOperating
15.05x
Suppliers
Fujitsu Limited Electrical Products | Tokyo, TY

Fujitsu Ltd. engages in the field of information and communication technology. It operates through the following segments: Technology Solutions, Ubiquitous Solutions, Device Solutions, and Others. The Technology Solutions segment delivers services that integrate products, software, and services such as systems integration, infrastructure services, and network products. The Ubiquitous Solutions segment provides ubiquitous terminals, including personal computers, mobile phones, car audio, navigations systems, mobile communication equipment, and automotive electronic tools. The Device Solutions segment deals with large scale integration devices used in digital home appliances, automobiles, mobile phones, servers, and electronic components such as semiconductors and batteries. The Others segment handles the research and development of information system, communications systems and electronic devices. It also sells, manufactures and develops air conditioners, telecommunication equipment and electronic devices; sells and leases information processing and communication equipment; and sells, designs and develops System on a chip (SoC). The company was founded on June 20, 1935 and is headquartered in Tokyo, Japan.

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Competitors
Allscripts Healthcare Solutions, Inc. IT Consulting & Services - Chicago, IL

Allscripts Healthcare Solutions, Inc. engages in the provision of clinical, financial, connectivity, information solutions, and related professional services. It operates through the following segments: Clinical and Financial Solutions; Population Health; and Netsmart. The Clinical and Financial Solutions segment involves in the sale of clinical software applications and financial and information solutions. The Population Health segment offers health management and coordinated care solutions. The Netsmart segment operates in the home care and behavioral healthcare information technology field throughout the United States. The company was founded in 1986 and is headquartered in Chicago, IL.

Epic Systems Corp. Computer Software - VERONA, WI

Epic Systems Corp. develops healthcare information systems. It offers inpatient clinical, electronic medical record, portable clinical information, core specialty support, operating room management, ICU/acute care support, and inpatient pharmacy services. The company also provides implementation, process engineering, training, optimization, architecture, and content services. Epic Systems was founded by Judith R. Faulkner in 1979 and is located in Verona, WI.

Cerner Corporation IT Consulting & Services - NORTH KANSAS CITY, MO

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and International. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The International segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.

Awards & Honors
Rank #43
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
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