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Nextgen Healthcare Company profile

About Nextgen Healthcare Inc

NextGen Healthcare, Inc. is a provider of software and services to healthcare system across United States. In addition to configurable core clinical and financial services, its portfolio includes tightly integrated solutions, which delivers on ambulatory healthcare imperatives, including population health, care management, patient outreach, telemedicine and nationwide clinical information exchange. The Company serves clients across 50 states. NextGen Healthcare solutions delivers care in nearly every medical specialty in a range of practice models, including accountable care organizations (ACOs), independent physician associations (IPAs), managed service organizations (MSOs), Veterans Service Organizations (VSOs) and Dental Service Organizations (DSOs).

Financial summary

BRIEF: For the nine months ended 31 December 2021, Nextgen Healthcare Inc revenues increased 8% to $445.1M. Net income decreased 87% to $1.3M. Revenues reflect Managed services segment increase of 15% to $87.8M, Subscription services segment increase of 9% to $120.6M. Net income was offset by Selling and general increase of 22% to $145.9M (expense), Research & Development increase of 5% to $53.8M (expense).

Equity composition

Common Stock $.01 Par, 10/11, 50M auth., 58,592,780 issd. Insiders control 33.15%. PO: 12/82, 600K shs. @ $17 by Prudential-Bache Securities. PO: 6/96, 1.7M shs. @ $22.25 by Bear, Stearns & Co. 3/06, 3/05 & 5/83, 2-for-1 stock split. 10/11, 2-for-1 Stock split.