Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Athenahealth's cloud-based offerings are unique in the HCIT space.

We are downgrading no-moat Athenahealth’s fair value estimate to $108 per share after revisiting industry dynamics, which has led to tempered assumptions given industry headwinds and delayed inpatient expansion. Furthermore, Athena’s most recent quarterly results were below expectations, and the firm lowered its outlook for the rest of fiscal 2017.
Separately, hedge fund Elliott Management has taken a 9.2% stake in the company. Elliott and its founder, Paul Singer, have a history of successful ...
Underlying
Athenahealth Inc.

Athenahealth partners with hospital and ambulatory clients to drive clinical and financial results. The company provides network-enabled medical record, revenue cycle, patient engagement, care coordination, and population health services, as well as Epocrates

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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