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.
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