Madison Dearborn Partners (MDP) will acquire a “significant” ownership position in NextGen Healthcare, according to a news release.

NextGen, founded in 1974 and based in Atlanta, is a provider of healthcare software services.

MDP, founded in 1992 and based Chicago, pursues management buyouts and structured minority investments. The firm focuses on value-oriented mature businesses and growth-oriented companies in several industries, including healthcare.

Thoma Bravo, which acquired NextGen in a take-private transaction in 2023, will retain a significant ownership position in NextGen.

The deal is expected to close in the second quarter of 2025. Terms of MDP’s investment were not disclosed.