Private equity has a new investment target: EHR vendors.
Here are three major deals from the last three years to note:
1. This year, EHR vendor NextGen Healthcare was acquired by private equity firm Thoma Bravo for $1.6 billion.
Thoma Bravo said it aims to accelerate the EHR vendor's product investments to "better support the increasingly complex needs of ambulatory providers and ultimately improve patient outcomes," according to Peter Hernandez, vice president of the private equity firm.
2. In 2022, Thoma Bravo "made an additional strategic investment" in Imprivata, a healthcare IT security company it had acquired in 2016 for $544 million.
3. In June 2022, tech giant Oracle spent $28.4 billion in June 2022 to acquire Cerner, an EHR company with 24.9 percent of the market share.