A deal could be finalised this week, the news agency stated, citing people with knowledge of the development.
Despite this, there has not been a definitive decision on the matter yet, and the talks may not lead to a conclusion. NextGen is currently valued at approximately $1.3bn.
Neither of the parties involved have confirmed the development.
Before Thoma Bravo began negotiations, other buyout firms had also shown interest in NextGen, as per the unnamed sources.
Last month, Reuters reported that NextGen is considering various possibilities, which includes divesting the business.
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Based in Atlanta, Georgia, NextGen offers electronic health record (EHR) software and practice management systems for the healthcare sector.
The company’s service suite includes credentialing and fee schedules, managed cloud hosting, documentation management, revenue cycle management, training, and professional services, among others.
Last month, NextGen announced the expansion of its alliance with Luma Health to deliver artificial intelligence (AI)-enhanced patient communication tools to US ambulatory organisations.
The companies will work together to integrate Luma-powered NextGen Patient Engage and NextGen Self-Scheduling into NextGen Enterprise EHR.