Ropes Gray Represents TPG in Acquisition of Healthcare IT Platform Nextech

In The News
July 21, 2023

Ropes & Gray advised TPG in a definitive agreement to acquire Nextech, a leading provider of clinical and administrative healthcare technology solutions for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The transaction was announced on July 19 in a press release.

TPG is a leading global alternative asset management firm with $137 billion of assets under management and investment and operational teams around the world. Nextech provides comprehensive electronic medical record and practice management software to specialty physician practices.

The Ropes & Gray team was led by private equity partners Michael Roh, Kate Withers and Howard Glazer, and included health care partner Christina Bergeron, finance partner Alex Zeltser, tax partner Adam Greenwood, employment partner Stephanie Bruce, executive compensation and employee benefits partner Matt Jones, life sciences regulatory and compliance partner Greg Levine, litigation and enforcement partners Jonathan Klarfeld, Annie Herdman, Ama Adams, Dan McCaughey and Maria Calvet, data, privacy, and cybersecurity partner Ed McNicholas and intellectual property transactions partner Jordan Altman, private equity partner Shona Ha and asset management partner Eve Ellis.