Affiliates of Bain Capital and Hellman & Friedman struck a deal to buy the health IT company from its current private equity owners, Veritas Capital and an affiliate of activist investor Elliott Management. The two took the company private through a takeover bid in 2019.
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.
The progress in artificial intelligence (AI) is reshaping patient care, across various dimensions, from facilitating faster discharge to curating treatment plans and suggesting lifestyle changes.
Houston-based symplr has signed a definitive agreement to acquire API Healthcare, a provider of human capital management software solutions, from Veritas Capital.
"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.
Following the close of the transaction, athenahealth will be combined with Virence Health, the former GE Healthcare unit Veritas bought earlier this year.