Deals
Athenahealth Will Sell to Veritas, Elliott for $5.7 Billion
- $135-per-share price is 12 percent premium over Friday close
- Deal wraps long-running effort by Elliott to force a sale
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Private-equity firm Veritas Capital and Elliott Management Corp. will acquire Athenahealth Inc. for $135 per share, ending a months-long, sometimes-contentious process to push the health records company into a sale.
The all-cash transaction values Athenahealth at about $5.7 billion, the firms said in a statement announcing the transaction Monday. The price is a 12 percent premium to where the shares closed on Friday. Athenahealth rose 9.5 percent to $131.82 at 9:52 a.m. in New York.