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Athenahealth Extends Deadline for Bids, Talks Continue

  • At least two buyers in discussions with health records company
  • Shares drop after New York Post says Elliott may reduce offer
An examination room at a clinic.
Photographer: Kholood Eid/Bloomberg
Updated on

Athenahealth Inc. has pushed out a bid deadline for potential acquirers by a few weeks as it talks with at least two suitors, including Elliott Management Corp., that remain interested in the health records technology company, according to people familiar with the matter.

Elliott has partnered up with private equity firm Bain Capital, and is actively evaluating a potential deal, as is at least one other strategic bidder, the people said. The people asked not to be identified because the talks are private.