NextGen to acquire revenue cycle management firm

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NextGen Healthcare Information Systems, a wholly owned subsidiary of Quality Systems and a provider of ambulatory healthcare information systems, has entered into an agreement to acquire Practice Management Partners (PMP), a healthcare revenue cycle management (RCM) company.

Headquartered in Hunt Valley, Md., PMP provides physician billing and technology management services to healthcare providers, primarily in Mid-Atlantic region. The company employs approximately 200 people and generates approximately $16 million in annual revenue, NextGen said.

In May, QSI and NextGen acquired another revenue cycle management company, Healthcare Strategic Initiatives, headquartered in St. Louis, Mo.

The Horsham, Pa.-based NextGen said it expects the transaction to be accretive in the first year.