Francisco Partners, which has bought four health information technology companies in recent years will acquire hospital software vendor QuadraMed Corp. for $126 million in cash.
Under acquisition terms expected to close in early 2010, the San Francisco-based equity firm will pay $8.50 per share for all outstanding shares of QuadraMed stock, taking the company private. The price is 32.6% higher than its $6.41 closing price on Dec. 7. The stock opened for trading on the NASDAQ exchange on Dec. 8 at $8.37 per share.
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