Shearman & Sterling is advising Nextech Holdings LLC ("Nextech"), a portfolio company of Francisco Partners, in its acquisition of MDIntelleSYS, LLC ("MDI"). The terms of the transaction were not disclosed.
Nextech is a leading provider of fully integrated electronic medical records, practice management and marketing software solutions for specialty physician practices. Francisco Partners, based in San Francisco, is a leading private equity firm that specializes in investments in technology companies.
MDI, located in Clearwater, Florida, designs, develops and markets intelligent healthcare solutions for ophthalmologists. MDI's electronic health records ("EHR") software, called IntelleChart, is the leading cloud-based EHR specifically designed for eye care specialists.
Shearman & Sterling represented Nextech and Francisco Partners in this transaction.