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...For instance, in January Hellman & Friedman and Bain Capital secured a $5.9bn term loan to fund their $17bn buyout of Athenahealth....
...Athenahealth was founded by Jonathan Bush, nephew of former president George HW Bush, and specialises in digitising health records and in electronic claims and billing....
...The healthcare technology company Athenahealth is close to being sold to the private equity firms Bain Capital and Hellman & Friedman, according to people familiar with the situation, in a $17bn deal that...
...In the fall, Elliott sold Athenahealth — a business it had waged war against and then taken private — to a consortium of private equity buyers for $17bn....
...Recent private equity deals undertaken by Elliott include the $16.5bn takeover of software company Citrix in January and the $17bn sale of Athenahealth to a consortium of private equity buyers....
...Elliott’s Evergreen Coast Capital private equity arm participated in some of last year’s biggest deals, including a $17bn sale of Athenahealth alongside Veritas Capital to a consortium of private equity...
...Its past targets have ranged from health insurance company Athenahealth to the Republic of Argentina, which in 2012 had one of its navy ships impounded in a dispute over defaulted bonds owned by the New...
...This year Elliott partnered up with Veritas Capital in a $5.7bn deal for US healthcare technology group Athenahealth and Siris Capital to snap up Travelport for $4.4bn....
...The $3.7bn seven-year term loan for Athenahealth yielded 450 basis points over Libor, according to people with knowledge of the deal....
...It owns nearly 10 per cent of Athenahealth. Elliott’s agitations over the early summer ultimately cost Jonathan Bush, Athenahealth’s longtime chief executive, his job....
...The $5.7bn price tag is based on Athenahealth’s fully diluted share count....
...Last year, Elliott pointed out that Athenahealth’s operating margin had slipped....
...Athenahealth said it had received the offer and that the board would review it....
...At Friday’s close, Massachusetts-based Athenahealth had a market capitalisation of $5.1bn....
...Athenahealth is a near once-in-a-lifetime example of such a thing....
...In just over a year, the firm has completed buyouts of Gigamon, Travelport and Athenahealth, marking one of the biggest forays into private equity for an activist hedge fund....
...But the $5.6bn buyout of Athenahealth catapulted Veritas into a higher orbit....
...Their deals include the $5.6bn buyout of electronic health record provider Athenahealth, $6.5bn takeover of analytics group Dun & Bradstreet and $4.1bn purchase of travel technology provider Travelport,...
...Athenahealth has 5,528 employees according to its website....
...Athenahealth makes $1bn in revenue and negligible profits....
...The panel, comprising Doerr, Chopra, Google’s Eric Schmidt and Todd Park of Athenahealth, the health technology company, stole the show as investors flooded the forum to learn more about the emerging field...
...Shares in Athenahealth rose 4.1 per cent to $135.11, while shares in Cerner fared less well, initially rising as much as 2 per cent before paring back gains to trade 0.7 per cent lower at $58.52....
...Shares of Sunedison fell 3.71 per cent to close at $17.40 while Athenahealth declined 2.25 per cent to $114.20 and drugstore Rite Aid dipped 0.9 per cent to end at $7.70....
.../ Genel: Tony award (Lex) There’s no guarantee Beijing will continue to favor monopolistic behavior in tech (WSJ) German angst is leading Europe back to Yalta (Financial Times, Stephens) Eihnhorn vs athenahealth...
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