[Updated 11/12/18, 10:31 am, with deal terms.] Athenahealth has reached an agreement to be bought for approximately $5.7 billion in cash by private equity firms Veritas Capital and Evergreen Coast Capital, an affiliate of activist hedge fund Elliott Management.
The acquisition was announced Monday morning. Reuters first reported the deal Sunday and said an official announcement was imminent. The agreement values the Watertown, MA-based healthcare IT company’s shares (NASDAQ: ATHN) at $135 apiece. Athenahealth’s shares ended Friday trading at $120.35. They were up more than 9 percent Monday morning, trading around $131.70 after news of the sale broke…. Read more »
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