Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

Healthcare IT Vendor Athenahealth To Be Taken Private for $135 per Share in $5.7 Billion Deal

On Nov. 12, Athenahealth announced that the company had agreed to be acquired by Veritas Capital and Evergreen Coast Capital (a private equity affiliate of Elliot Management) for $135 per share or $5.7 billion in cash. While this offer is well below Elliot’s initial $160 bid, it nonetheless represents a significant premium above our $110 standalone fair value estimate. We believe this is a great outcome for shareholders and we applaud the boards efforts to sell the firm. Given the rapidly shifti...
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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