Athenahealth agrees USD 5.5bn cash sale to Veritas Capital, Elliott Management - report
12 NOV 2018
Athenahealth [Nasdaq:ATHN] is to be acquired by Veritas Capital, a private equity company, and Elliott Management for USD 5.5bn, FT.com reported. A trio of sources knowledgeable about the all-cash USD 135-per-share transaction said the deal has been agreed, the report stated.
The acquisition is expected to be made public early today, 12 November, the item reported.
Elliott, a hedge fund which already has an approximately 9% stake in Athenahealth, will use its private equity subsidiary Evergreen Coast Capital to acquire a larger equity stake in the Massachusetts-based business, the report said.
Neither Athenahealth, Elliott nor Veritas wished to comment, the item reported.
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