Private equity firm Thoma Bravo said Friday it closed its $1.8 billion acquisition of electronic health records vendor NextGen Healthcare.
NextGen shareholders approved the deal during a meeting Tuesday and will receive $23.95 per share.
Read more: NextGen inks $1.8B sale to private equity firm
The deal ends NextGen's four decades as a publicly traded company; it debuted as Quality Systems in 1982. The company was delisted from the Nasdaq Stock Market after Wednesday's close.
NextGen is the latest health technology business to go private, following private equity deals for companies that struggled on the public markets, such as SOC Telemed, Allscripts and Tivity Health.
NextGen, which employed 2,800 people as of September, sells EHRs to outpatient providers and competes against rivals such as Epic Systems. In August, NextGen agreed to pay $31 million to settle allegations it violated the False Claims Act and offered kickbacks to clients.
