Athenahealth program to be purchased for $17 billion – International

The healthcare professional software company, Athenahealth, will be purchased for $17 billion from investment firms Veritas Capital and Evergreen Coast Capital and transferred to the control of Bain Capital and Hellman & Friedman Group.

Athena Health said in a statement that the deal is expected to close in the first quarter of 2022.

Founded in 1997 and under the direction of Bob Segert, Athenahealth offers a software platform that allows healthcare professionals to organize patient visits, query medical data, and track payment history.

Although it continues to trade on Wall Street, the Massachusetts-based company was delisted in 2019 after it was acquired by Veritas Capital and Evergreen Coast Capital, a subsidiary of Elliott Management, for $5.7 billion.

Later, athenahealth merged with Virence Health, another health software provider, which Veritas purchased from General Electric.

The company claims to work with 140,000 healthcare professionals.

The healthcare technology sector has seen an impressive recovery during the pandemic, with the spread of telemedicine sparking the interest of many investors.

In April, Microsoft acquired artificial intelligence and telemedicine company Nuance Communications for about $20 billion.

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