Horsham, Pa.-based NextGen Healthcare Information Systems, Inc., a provider of ambulatory systems and connectivity solutions, is acquiring Baltimore-based Practice Management Partners (PMP), a healthcare revenue cycle management company.
Founded in 2001, PMP provides physician billing and technology management services to healthcare providers, primarily in the Mid-Atlantic region. The company employs approximately 200 people and generates approximately $16 million in annual revenue.
The transaction is expected to be accretive in the first year.
Grand Prairie, Texas-based Rainbow Children's Clinic was the victim of a ransomware attack on its IT systems in August, affecting more than 33,000 patients, according to multiple news media reports this week.