11:18 AM EDT, 10/30/2024 (MT Newswires) -- Global Payments ( GPN ) has agreed to sell its medical office software provider, AdvancedMD, to investment firm Francisco Partners.

AdvancedMD, which offers cloud-based solutions for practice management, EHR, and patient engagement, will continue under the leadership of President Amanda Sharp, who will assume the role of chief executive, Francisco Partners said in a statement Wednesday. Global Payments ( GPN ) will remain a long-term partner, supporting payment acceptance capabilities, it added.

The deal is expected to close in Q4, subject to customary closing conditions, Francisco Partners said.

Global Payments ( GPN ) shares rose 2.4% in recent trading.

Price: 101.45, Change: +2.40, Percent Change: +2.42