Electronic health record and practice-management systems vendor NextGen Healthcare Information Systems, Horsham, Pa., a wholly owned subsidiary of publicly traded Quality Systems, Irvine, Calif., has agreed to acquire Practice Management Partners, Hunt Valley, Md., a developer of revenue cycle-management, or RCM, software and consulting services for physician practices.
Patrick Cline, president of NextGen Healthcare, said in a news release that the acquisition, the second by NextGen of a revenue cycle-management company this yearafter the purchase of St. Louis-based Healthcare Strategic Initiatives in Maywill help to build out our RCM capability and continues to build our base of recurring, visible revenue.
Terms of the transaction or a prospective closing date were unannounced. A NextGen spokesperson was unavailable at deadline. -- byJoseph Conn