UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
October 15, 2008
QUALITY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA | 0-13801 | 95-2888568 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
| 18111 Von Karman, Suite 600
Irvine, California 92612 | |
| (Address of Principal Executive Offices) | |
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| (949) 255-2600 | |
| (Registrant’s Telephone Number, Including Area Code) | |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | | Entry into a Material Definitive Agreement |
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On October 15, 2008, Quality Systems, Inc. (“QSI”) and its wholly owned subsidiary NextGen Healthcare Information Systems, Inc. (“NextGen”), entered into an Agreement and Plan of Merger (“Agreement”) to acquire Practice Management Partners, Inc. (“PMP”). Upon closing of the Agreement, PMP will become a wholly owned subsidiary of NextGen. The purchase price consists of approximately $19.0 million at closing plus up to $3.0 million tied to the future performance of PMP. The $19.0 million consists of approximately $16.25 million in cash and $2.75 million in unregistered QSI common stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 20, 2008 | | QUALITY SYSTEMS, INC. |
| By: | | |
| | Paul Holt |
| | Chief Financial Officer |
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