Deals
Vista Equity Buys Sage Software Healthcare for $320 Million
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Vista Equity Partners, a private-equity firm focused on enterprise software and technology businesses, agreed to buy Sage Group Plc’s U.S. healthcare division.
The sale of Sage Software Healthcare, which offers practice management and electronic health-record offerings, is expected to be completed in November, the U.K. company said in a statement. Sage will make a loss of up to 70 million pounds ($108.4 million) through the sale and redistribute cash proceeds of $320 million to shareholders by buying back shares.