NextGen Healthcare Announces $60 Million Share Repurchase Program
"We believe that the share repurchase program announced today represents an appropriate and strategic use of the company's cash, while retaining sufficient flexibility to fund future expenditures, including acquisition and partnership opportunities as well as investments in research and development," said
“NextGen Healthcare maintains a disciplined and thoughtful approach to capital allocation and is committed to strategically deploying capital where we believe we can drive the greatest value for our shareholders,” said
The timing and amount of any share repurchases under the share repurchase program will be determined by NextGen Healthcare’s management at its discretion based on ongoing assessments of the capital needs of the business, the market price of NextGen Healthcare’s common stock and general market conditions. Share repurchases under the program may be made through a variety of methods, which may include open market purchases, in block trades, accelerated share repurchase transactions, exchange transactions, or any combination of such methods. The program does not obligate
The Company currently has approximately 67 million shares outstanding.
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Investor Relations Contact
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mscalo@nextgen.com
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