A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight - Business Insider -BoardProspects

A Healthcare Company That Fought an 18-Month Battle with an Activist Investor Just Struck a $5.7 Billion Deal to End The Fight

Business Insider Nov 12 2018 BoardNews

Healthcare IT company Athenahealth reached an agreement with Veritas Capital and Elliott Management to be acquired in a $5.7 billion deal. The deal comes after a long-running push from Elliott for Athenahealth to sell itself. Under the two big investment firms, Athenahealth will be combined with Virence Health, a company Veritas acquired earlier this year. The Athenahealth saga is coming to a close...
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Quotes
1. Combining with Virence will create new opportunities for collaboration and growth.
2. The combined company, at some point, could become a more formidable competitor, especially in the population health area, which remains the next significant growth opportunity within healthcare IT industry.
Topics Mentioned
- Athenahealth
Authors
- Lydiaramsey125