Deals
Far From GE’s Collapse, Jeff Immelt Is Wheeling and Dealing Again
- Ex-GE CEO brokers deal to sell Athenahealth for $5.7 billion
- Health-care firm was under pressure from activist investor
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While General Electric Co. was in meltdown mode this week, the former CEO that many blame for creating the mess was out there wheeling and dealing.
Just seven months after Jeff Immelt resigned from GE’s top job, he was named chairman of Athenahealth Inc., a provider of digital services for doctors, located a few miles from the industrial giant’s Boston headquarters. In June, he was elevated to executive chairman after the CEO stepped down. And on Monday, Athenahealth said it would sell itself for $5.7 billion in a deal Immelt helped broker.