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Stock impact report

Global Payments wants $3 billion for AdvancedMD—but may have to settle for half of that [Yahoo! Finance]

Global Payments Inc. (GPN) 
Last global payments inc. earnings: 2/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.globalpaymentsinc.com
Company Research Source: Yahoo! Finance
Global Payments has hired an investment bank to advise on the sales process, the sources confirmed to Fortune . GPN wants $3 billion for AdvancedMD, but it's more likely to receive something closer to $1.5 billion, one banker told Fortune "We decline to comment on market rumors or speculation,” a Global Payments spokesman said in a statement to Fortune Founded in 2000, AdvancedMD provides medical billing software, including for payments, to physician practices. The South Jordan, Utah-based company said it currently serves 40,000 practitioners across 13,000 practices as well as 850 medical billing companies. It employs 800 people. AdvancedMD has bounced between private equity and strategic owners for the last 15 years. In 2008, Francisco Partners acquired AdvancedMD—and sold it three years later to ADP. Marlin Equity Partners bought AdvancedMD in 2015, only to sell it in 2018 to Global Payments, which paid $700 million in cash. Global Payments offers technology and services us Show less Read more
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