Handshake After the deal closes,Athenahealth will be combined with Virence Health, Veritas'shealth-care services company. (Photo: Shutterstock)

Private-equity firm Veritas Capital and Elliott Management Corp.will acquire Athenahealth Inc. for $135 per share, ending amonths-long, sometimes-contentious process to push the healthrecords company into a sale.

The all-cash transaction values Athenahealth at about $5.7billion, the firms said in a statement announcing the transactionMonday. The price is a 12 percent premium to where the sharesclosed on Friday.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.