Vista Equity Buys Medical Software Co. For $644M

Law360, Los Angeles (September 23, 2013, 8:37 PM EDT) -- Private equity firm Vista Equity Partners will acquire Greenway Medical Technologies Inc. for $644 million, with Greenway and the Vista-owned Vitera Healthcare Solutions LLC merging to become a major player in health care information technology and services, the companies announced Monday.

Vista will backstop the entire $644 million financing with equity, combining Greenway and Vitera into a privately held business serving about 13,000 medical organizations and 100,000 providers, the companies said.

Under the terms of the deal, Vista will buy all outstanding Greenway common stock, paying...
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