Jonathan Bush Stepping Down as Athenahealth CEO; Board Considering a Sale
On June 6, Athenahealth announced that founder Jonathan Bush is stepping down as CEO, president, and director, and furthermore, the company announced that the board is exploring a sale or merger. We are maintaining our $160 fair value estimate and no-moat rating, and we continue to believe that a sale would maximize shareholder value and draw out Athenahealth's full potential in the healthcare IT space. This announcement comes after several allegations of sexual harassment and inappropriate beha...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
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