Report
Vishnu Lekraj
EUR 100.00 For Business Accounts Only

No Update on Athena Strategic Review, but We Believe a Buyout Is Increasingly the Right Move

Between a takeover bid from activist investor Elliott Management in May and former CEO Jonathan Bush stepping down in June, Athenahealth has seen a tumultuous second quarter. Management did not provide an update on the board's strategic review of a potential sale, merger, or other transaction. Nevertheless, we expect there to be some decision made within the next few quarters and believe the deliberate nature of the board’s review process is a positive from a shareholder value perspective. Howev...
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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