PE firms to buy healthcare tech provider Athenahealth for $17 bn

Private equity firms Hellman & Friedman and Bain Capital will acquire Athenahealth, a healthcare technology platform, for $17 billion.
Dollar spending on technologyPrivately held Athenahealth offers a software that can be used to organize patient visits, document patients’ clinical records and track and collect payments.

Evergreen, hedge fund Elliott’s private equity arm, and investment firm Veritas had taken Athenahealth private in 2019 in a $5.7 billion deal.

The company was then merged with Virence Health, a healthcare software provider that Veritas had previously acquired from General Electric.

Microsoft earlier this year struck a $16 billion deal to buy Nuance Communications, a provider of intelligent solutions such as clinical speech recognition, medical transcription and medical imaging.

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