About Nextech Systems
Nextech Systems is a company based in Tampa (United States) founded in 1997 was acquired by TPG in July 2023.. Nextech Systems has completed 4 acquisitions, including MyMedLeads, SRS Health and SupraMed. Nextech Systems offers products and services including EHR Software, Practice Management, Revenue Cycle Management, and AI Solutions. Nextech Systems operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere Systems, among others.
- Headquarter Tampa, United States
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Sectors
Healthcare
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Phone
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Website
*********
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Social
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- Legal Name Nextech Systems, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
TPG
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
MyMedLeads
& 3 more
- Acquired by
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Products & Services of Nextech Systems
Nextech Systems offers a comprehensive portfolio of products and services, including EHR Software, Practice Management, Revenue Cycle Management, and AI Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system for managing patient records and health data
Tools for scheduling, billing, and revenue cycle management
Software to optimize practice finances and payments
AI features for enhancing diagnostic and operational efficiency
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Funding Insights of Nextech Systems
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2013 | Amount | Private Equity Round - Nextech Systems | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Nextech Systems
Nextech Systems has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TPG, Francisco Partners and Thomas H Lee Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Private equity investments are directed toward traditional industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nextech Systems
Nextech Systems has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include MyMedLeads, SRS Health and SupraMed. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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SaaS practice management and EHR software for surgeons is offered.
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2013 | ||||
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Cloud-based lead management software is offered for medical professionals.
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2009 | ||||
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A web portal designed to assist physicians presenting and explaining procedures to patients
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nextech Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nextech Systems Comparisons
Competitors of Nextech Systems
Nextech Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and Medsphere Systems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
Cloud-based software for dental practice management is developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nextech Systems
Frequently Asked Questions about Nextech Systems
When was Nextech Systems founded?
Nextech Systems was founded in 1997 and raised its 1st funding round 16 years after it was founded.
Where is Nextech Systems located?
Nextech Systems is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
What does Nextech Systems do?
Nextech Systems was founded in 1997 and is headquartered in Tampa, United States. Software solutions are offered for healthcare practices in dermatology, ophthalmology, and plastic surgery sectors. These include electronic medical records, practice management, revenue management, and patient engagement tools, available in both cloud-based and client-server formats. The platform is designed to integrate clinical, administrative, financial, and marketing functions, with ONC certification and ICD-10 readiness.
Who are the top competitors of Nextech Systems?
Nextech Systems's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does Nextech Systems offer?
Nextech Systems offers EHR Software, Practice Management, Revenue Cycle Management, and AI Solutions.
How many acquisitions has Nextech Systems made?
Nextech Systems has made 4 acquisitions, including MyMedLeads, SRS Health, and SupraMed.
Who are Nextech Systems's investors?
Nextech Systems has 3 investors. Key investors include TPG, Francisco Partners, and Thomas H Lee Partners.
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