Athenahealth lays off employees after sale to Veritas Capital and Elliott Management
A source familiar with the situation told MedCity that less than 4 percent of the company's total corporate workforce across all offices was let go.
Former athenahealth CEO slams Elliott Management in CNBC interview
"My experience is running a company with a gun to your head is no way to run a company. Better to just say, 'Pull the trigger,'" Bush said when asked about having an activist investor like Elliott take a stake in his company.
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After lengthy process, athenahealth sold to Veritas Capital, Elliott Management for $5.7B
Following the close of the transaction, athenahealth will be combined with Virence Health, the former GE Healthcare unit Veritas bought earlier this year.
Source: Elliott Management still engaged in bidding for athenahealth
Meanwhile, the Watertown, Massachusetts EHR vendor has extended the deadline for a final buyout bid to September 27.
Will athenahealth accept Elliott Management’s hefty buyout offer?
After Elliott Management sent a third letter to athenahealth urging it to consider the offer, the EHR vendor retorted with a statement of its own, noting it will take its time in evaluating the bid.
Activist investor Elliott Management makes $6.9B unsolicited offer for athenahealth
In a letter to athenahealth's board of directors, Elliott Management Partner Jesse Cohn makes his firm's case for why the company would be better off as a private business.
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