Greenway Heath, a Vista Equity-backed healthcare information technology (HCIT) provider, is in the first round of a sale process targeting financial and strategic buyers, according to two sources familiar with the matter.

Greenway is a large provider of software for electronic health records, revenue cycle management, and medical coding, among other sectors, according to its website.

The company held preliminary discussions with potential buyers at the JPMorgan Healthcare Conference in January and launched the process in February, seeking initial indications of interest (IOIs), the sources said. The company could sell for just under USD 1bn, according to one of the sources.

The Tampa, Florida-based company generates around…