in a large number of transactions
across a wide spectrum of industries
FORT LAUDERDALE, Fla. (April 26, 2017) – Fort Lauderdale-based investment banking firm Farlie Turner & Co. is pleased to announce the sale of Entrada, Inc. (“Entrada”). In a transaction that closed on April 14, 2017, Entrada was sold to NextGen Healthcare Information Systems, LLC, a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII). Farlie Turner served as a co-advisor to Entrada on the transaction, along with of Entrada’s lead advisor, JEGI, a New York-based investment banking firm.
Based in Nashville, Entrada provides a mobile-based platform that improves clinical workflow and documentation for hospitals and physicians groups. The company is the leading “mobile-first” technology and services platform that dramatically improves caregiver productivity, collaboration and revenue yield by streamlining EHR workflows and increasing patient throughput.
“This is a great transaction for both parties,” commented Chris Calton, Farlie Turner’s Managing Director and Head of Healthcare. “Entrada’s platform will strengthen NextGen’s mobile solution offering, and Entrada will compete more effectively by utilizing the resources that are now available to them as a result of the transaction.” he added.
Entrada’s CEO, Bill Brown, commented, “Our financial advisors showed their commitment to the company and its shareholders and were able to deliver a great outcome through their efforts.” In addition to Mr. Calton, the advisory team from Farlie Turner & Company included Kyle Jones, Vice President, and Carl King, Analyst.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.