NextGen Healthcare recently announced two internal promotions to bolster its executive team within the electronic health record sector, a move that comes after the company’s acquisition and transition into private ownership.
Srinivas Velamoor, who became part of NextGen in 2021, steps into the role of President and COO with immediate effect. Prior to this, he held positions at McKinsey & Company, PricewaterhouseCoopers, and Diamond Management & Technology Consultants.
James Hammerschmidt is set to assume the CFO position upon the retirement of Jamie Arnold by the end of March. Having joined NextGen in 2017, Hammerschmidt played a pivotal role in the company’s acquisition by private equity firm Thoma Bravo for $1.8 billion last year, as per a press release.
Following the closure of the acquisition in November, NextGen disclosed plans for the reduction of approximately 250 jobs, impacting employees in St. Louis, Baltimore, and Pennsylvania. A spokesperson indicated that these layoffs were aligned with the company’s “focused growth strategy.
Have you read?
Trust Begins with You.
The Inter-Generational CEO – An Illustrative Case Study.
Jinko Solar: Revolutionizing Solar Energy With Eagle Modules and Eagle Storage.
Preparing for a Successful 2024: End-of-Year Activities for CEOs and Their Teams.
How Secure Act 2.0 Tax Laws Impact Retirement Planning and Income: Insights from Timothy Roberts & Associates LLC.
Two Strategic Investors Collaborate With Glenn Lurie and Other Partners at Stormbreaker Ventures.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
