Why Is Healthcare Tech Firm NextGen Healthcare's Stock Trading Higher Today?
Portfolio Pulse from Vandana Singh
Software investment firm Thoma Bravo has agreed to acquire NextGen Healthcare Inc (NXGN) for $23.95 per share in cash. The deal represents a 46.4% premium to the company's unaffected closing stock price on August 22 and a 39.2% premium to the 30-day volume-weighted average price for the period ending September 1. The transaction is expected to close in Q4 2023, after which NextGen Healthcare will become a privately held company.
September 06, 2023 | 3:13 pm
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POSITIVE IMPACT
NextGen Healthcare's stock is likely to be positively impacted in the short term due to the acquisition announcement by Thoma Bravo at a significant premium.
The acquisition announcement by Thoma Bravo at a significant premium to the current stock price is likely to drive up the stock price of NextGen Healthcare in the short term. Investors may see this as a positive development and could buy the stock, pushing the price up.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100