According to WSJ, Athenahealth (ATHN) approached by Elliott Management

  • May 7, 2018


Stockathenahealth, Inc.SymbolATHN
Date Announced05/07/2018Source The Wall Street Journal
TypeUnsolicited BidAcquiring Company/Person an affiliate of Veritas and Evergreen
Date of Confirmation: 11/12/2018Price at Confirmation: $131.97
Potential Profit: -10.07%Annualized Profit: -19.45%

Activist investor Elliott Management Corp. has offered to buy health-care software company Athenahealth Inc. (ATHN) for $160 a share.


October 12, 2018: Athenahealth Inc. (ATHN) is attracting interest from at least five potential bidders as an auction for the health record technology company nears an end, according to people familiar with the offer.

October 31, 2018: Private equity firm Veritas Capital has teamed up with Elliott Management Corp. to bid for health-care technology company Athenahealth Inc.(ATHN), according to people familiar with the matter.

November 11, 2018: Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to buy US healthcare technology group Athenahealth (ATHN) for $5.5bn, according to three people with knowledge of the deal.

November 12, 2018: Athenahealth (ATHN), a leading provider of network-enabled services for hospital and ambulatory customers nationwide, Veritas Capital and Evergreen Coast Capital, today announced that they have entered into a definitive agreement under which an affiliate of Veritas and Evergreen will acquire Athenahealth (ATHN) for approximately $5.7 billion in cash.

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