Greenway Medical Technologies Inc. had agreed to a privatization plan offered by Vista Equity Partners. The privatization deal was valued USD644 million. The move to take Greenway Medical private was after less than two years the medical software provider was launched on the US stock market.

The terms of the deal included a collaboration of Greenway with Vitera Healthcare Solutions LLC. The latter is a privately held electronic health records provider which is owed by Vista Equity.

The transaction would be paid by Vista USD20.35 for each Greenway share. The offer was a premium of around 19% to the stock's Tuesday closing of trade valued USD17.13 on the New York Stock Exchange. The shares of Greenway rose to USD20.20 in the aftermarket trading.

In February of last year, the company went public and saw its shares had reached a level high of USD19.44 in November. However, Greenway shares slumped 12% from then on.

Greenway said that its shareholders had agreed to tender their holdings to the offer and voted in favor of the transaction.