Here’s what you should know:
1. Global Payments will pay AdvancedMD $700 million.
2. Global Payments is using a combination of financing and cash to close the transaction.
3. The transaction is expected to close in the fourth quarter of 2018.
4. Global Payments’ CEO Jeff Sloan said, “We are delighted to expand our owned software portfolio with the addition of AdvancedMD, a leader in the large and fragmented healthcare vertical market. This acquisition aligns perfectly with our software-driven strategy and will add significant … revenue in a new, attractive market with strong payment fundamentals, further accelerating our business mix toward technology enablement.”
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