Fierce Healthcare February 11, 2019
With the acquisition complete, Veritas Capital will combine Athenahealth with Virence Health under the Athenahealth name and brand.
Veritas Capital finalized its acquisition of Athenahealth for approximately $5.7 billion in cash on Monday.
Virence Health, the former GE Healthcare value-based care assets that Veritas acquired in 2018, will combine with the electronic health record (EHR) and practice management software vendor under the Athenahealth name and brand. Evergreen Coast Capital, a subsidiary of Elliott Management, will be a minority investor in the combined company.
Elliott, which owns 9% of Athenahealth, began publicly pressuring the company in May to consider a takeover offer valued at $160 a share, or about $7 billion. That kicked off a tumultuous several months...