Technology Executive to Lead Nextech's Continued Growth and Innovation
TAMPA, FL--(Marketwired - August 04, 2015) - Nextech, a leading provider of specialty-focused healthcare technology solutions for physician practices, announced today the appointment of Mike Scarbrough as the company's new president and chief executive officer. As the company continues to expand its market presence and product portfolio, Scarbrough's more than 15 years of proven executive leadership in strategy, operations and finance will have a defining impact on Nextech's market strategy and execution.
"Nextech is experiencing an exciting period of growth and expansion," says Ezra Perlman, co-president at Francisco Partners. "Mike's demonstrated leadership in growing businesses, driving innovation and delivering client success will strengthen Nextech's position as the premier healthcare IT solution for specialty physicians."
With over 20 years of technology experience, Scarbrough has an accomplished track record of developing and implementing go-to-market strategies that consistently out-perform the competition and generate shareholder value. As Nextech continues its product innovation, Scarbrough's multi-faceted leadership in software and technology solutions will help bolster Nextech's leadership and growth in the specialty physician market.
"I am excited to join Nextech, a Francisco Partner portfolio company that has partnered with specialty physicians for more than 18 years," states Scarbrough. "I look forward to working with the Board and the Nextech team to build on the company's leadership position in the market."
Prior to joining Nextech, Mike served for four years as the chief executive officer of NextTraq, a former Francisco Partners portfolio company. During his nearly ten years with NexTraq, Mike also served as the company's chief operating officer and chief financial officer. NextTraq was acquired by FleetCor Technologies in 2013 and Mike joined the executive management team at FleetCor Technologies as President of their Telematics division. Mike's extensive experience in technology, operations and strategy will guide Nextech as it seeks to broaden its product portfolio and expand its client base in the specialty physician market.
Nextech deploys specialty-focused, intelligent, all-in-one electronic medical records and practice management software and services for physician practices. In 2013, Nextech acquired MDIntelleSys, the cloud based solution provider of IntelleChart. Dedicated to specialty providers since 1997, Nextech delivers consultative guidance, professional services and innovative tools that enable clients to increase efficiencies while meeting their long-term business goals. The company's combined portfolio integrates seamlessly with value-added modules to create a single, intelligent, intuitive platform that streamlines clinical, administrative, financial and marketing workflows. To learn how Nextech's advanced offerings help specialty providers succeed in a fast-changing healthcare environment, visit www.nextech.com.
About Francisco Partners
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm's deep sub-sector knowledge and operational expertise can help a company realize its full potential. For further information, please visit: www.franciscopartners.com.
Vice President, Marketing