Athenahealth Sold To Elliott Management & Veritas Capital For $5.7 Billion, Plans To Merge With Virence Health

Elliott Management and Veritas Capital are partnering up to purchase Athenahealth for a price of $5.7 billion. It is anticipated that the transaction will close during the first quarter of 2019.

Once the acquisition is complete, the two private equity firms plan to combine Athenahealth and software provider organization Virence Health, with the newly formed entity operating under Athenahealth’s brand. Veritas Capital CEO Ramzi Musallam has remarked that the two organizations have differentiated and complementary solutions, and under the merger Virence will operate as a private cloud-based electronic health record (EHR) vendor. According to statements from Athenahealth . . .