NextGen Healthcare Announces Agreement to Acquire OTTO Health

NextGen Healthcare, Inc. (NASDAQ:NXGN) (“NextGen Healthcare” or “the Company”), a leading provider of ambulatory-focused technology solutions, today announced an agreement to acquire OTTO Health (“OTTO”). The proposed acquisition is expected to close this month, subject to the satisfaction of closing conditions.

Driven by the convenience-seeking and technology savvy healthcare consumer of today, demand for virtual visits is on the rise. The use of telehealth is especially important for people with chronic conditions and 20% of the U.S. population that lives in rural areas where access to health care, particularly specialty care, is often lacking. OTTO virtual visits provide both the convenience and integrated approach that patients and providers demand. The solution is device agnostic, doesn’t require the download or install of a separate app, and patients have multiple options for scheduling an appointment, including directly through the patient portal.

“The integration of OTTO Virtual Visits and the Medfusion Patient Experience Platform into the EHR will have a profound impact on patients and the way they engage with their providers,” said Rusty Frantz, President and Chief Executive Officer of NextGen Healthcare. “We’re eager to equip providers with a modern, integrated, and easy-to-use virtual visit capability that removes barriers to care, enhances patient loyalty and positions them well for the future.”

“Virtual visits lower cost and improve outcomes, but to maximize the potential benefits, the capability must be part of an integrated and coordinated solution,” said Sarah Green, President and CEO of OTTO Health. “We look forward to becoming a permanent member of the NextGen Healthcare family so we can collaboratively support provider groups focused on innovation and meeting their value-based care goals.”

About NextGen Healthcare, Inc.

We empower the transformation of ambulatory care—partnering with medical, behavioral and dental providers in their journey to value-based care to make healthcare better for everyone. We go beyond EHR and PM. Our integrated solutions help increase clinical productivity, enrich the patient experience, and ensure healthy financial outcomes. We believe in better. Learn more at nextgen.com, and follow us on Facebook, Twitter, LinkedIn and Instagram.