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News Oct 12, 2014

Shearman & Sterling Advises Nextech Holdings, a Francisco Partners Portfolio Company, in Acquisition of MDIntelleSYS

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. The Shearman & Sterling team included partners Michael Kennedy and Dana Kromm and associates Lisa Lopshire and Beth Meyer (all San Francisco-Mergers & Acquisitions). Other Shearman & Sterling lawyers involved include partners Richard Hsu (Palo Alto-Intellectual Property Transactions) and Larry Crouch (Palo Alto-Tax); counsel Sharon Lippett (New York-Compensation, Governance & ERISA), Eileen O'Pray (Palo Alto-Tax), and Dan Stellenberg (Palo Alto-Compensation, Governance & ERISA); and associates Zheng Bao (Palo Alto-Intellectual Property Transactions), Benjamin Petersen (Palo Alto-Intellectual Property Transactions), Ryan Bray (Palo Alto-Tax) and Regina Park (New York-Compensation, Governance & ERISA).