Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

Elliott’s Proposed All-Cash $6.6 Billion Buyout of Athena Is a Great Deal for Shareholders

On May 7, Elliott Management proposed an all-cash acquisition of Athenahealth for $160 per share. The proposed acquisition price is a 45% premium to our fair value estimate, and we believe it represents a highly lucrative opportunity for current Athenahealth shareholders, especially considering it is an all-cash offer. Given this dynamic, we believe there is a significantly high probability that Athenahealth’s board and shareholders will approve the acquisition. Accordingly, we are increasing ou...
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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