What You Should Know:
– Private-equity (PE) firms Bain Capital and Hellman & Friedman LLC are now in the final stages of acquiring health IT company athenahealth for about $17B including debt, Wall Street Journal reports.
– In September, it was reported PE firm Veritas Capital and hedge fund Elliot Investment were exploring options to sell athenahealth for $20B or file for an initial public offering (IPO).
– In September, Bloomberg reported that private equity firms Veritas Capital and Elliot Investment Management were considering selling Athenahealth for $20 billion or filing an initial public offering. Elliott Investment and Veritas took the company private in 2018 for $5.7B and merged it with a healthcare unit that Veritas acquired from Generical Electric (GE).
