Athenahealth to be purchased by Bain Capital, Hellman for $17 billion


(Reuters) – Privately held healthcare know-how agency Athenahealth mentioned on Monday it has agreed to be acquired by Bain Capital and Hellman & Friedman LLC for $17 billion.

The Watertown, Massachusetts-based firm gives a cloud-based software program that can be utilized to arrange affected person visits, doc sufferers’ medical data and monitor and acquire funds.

Evergreen, hedge fund Elliott’s non-public fairness arm, and funding agency Veritas had taken Athenahealth non-public in 2019 in a $5.7 billion deal.

The corporate was then merged with Virence Well being, a healthcare software program supplier that Veritas had beforehand acquired from Normal Electrical Co.

(Reporting by Amruta Khandekar; Enhancing by Shailesh Kuber and Aditya Soni)

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