Healthcare DIVE November 22, 2021
Dive Brief:
- EHR vendor Athenahealth is being acquired by Bain Capital and Hellman & Friedman for $17 billion, the companies announced Monday. The transaction, which will be financed through a mix of equity and debt, is expected to be completed in the first quarter of next year and is the latest in a recent string of large leveraged buyouts.
- The two private equity firms are nabbing Massachusetts-based Athenahealth from its current owners, Veritas Capital and Evergreen Coast Capital, the PE arm of activist investor Elliott Management Corp. Veritas and Evergreen will each retain a minority investment in the vendor.
- Athenahealth, which says it is the biggest provider of cloud-based EHR and physician practice IT tools in the U.S., struggled...
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