Health Care & Insurance  June 2, 2020

NextGen’s purchase price for Otto Health revealed: $22M

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BOULDER — NextGen Healthcare Inc. (Nasdaq: NXBN) has revealed the price it paid in December to acquire Otto Health LLC, a Boulder-based telehealth company.

NextGen’s 10K filing with the U.S. Securities and Exchange Commission Monday revealed a preliminary purchase price for Otto of $21.96 million.

Otto was founded in 2011 and provides a telehealth platform that integrates with electronic-health-record systems, allowing providers to conduct video visits with patients as part of their normal workflows.

NextGen’s filing also noted the December acquisition of Medfusion Inc. of Cary, North Carolina, for $42.78 million.

“The integration of…

Ken Amundson retired from his position as managing editor of BizWest in May 2024 but has come back on a limited basis to report business news in Northern Colorado and the Boulder Valley. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes north of Denver. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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