Business
Athenahealth Reportedly Sold for $5.7 Billion, Merging With Other Healthcare Tech Company
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The long rumored sale of Watertown-based Athenahealth appears to be a reality, and the company is expected to be merged with another company and remain in town. The healthcare software company, which has its headquarters in the Arsenal on the Charles, has entered into an agreement to be sold for $5.7 billion to private equity firm Veritas Capital and hedge fund Evergreen Coast Capital, the company announced Monday. Evergreen is the private equity arm of Elliott Management, which had a 9 percent stake in the company, according to a report by Reuters on Sunday. The sale is expected to close in the first quarter of 2019, “subject to the approval of the holders of a majority of Athenahealth’s outstanding shares and the satisfaction of customary closing conditions and regulatory approvals,” according to the announcement. The new owners are expected to combine the company with Virence Health, the GE Healthcare Value-based Care assets, which was acquired by Veritas earlier this year.



