What You Should Know:
Hellman & Friendman LLC and Bain Capital acquire health IT company athenahealth for $17 billion dollars.
Private Equity firmsBain CapitalandHellman & Friedman LLChas announced it hasacquiredathenahealth, a cloud-based enterprise software solution for medical groups and health systems for $17B. In September, it was reported PE firmVeritas Capitaland hedge fundElliot Investmentwere exploring options to sell athenahealth for $20B or file for an initial public offering (IPO).
Financial Details
除了赫尔曼& Friedman,贝恩资本(Bain Capital)的公关ivate Equity, and Bain Capital Tech Opportunities, the investor group includes Veritas Capital and Evergreen Coast Capital, which will each retain a minority investment in athenahealth, as well as other new co-investors, including GIC, Singapore’s sovereign wealth fund, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
The $17B investment is expected to be completed in the first quarter of 2022 and is subject to regulatory approvals and customary closing conditions.
athenahealth Market Footprint
athenahealth partners with more than 140,000 ambulatory care providers, throughout all 50 states and across more than 120 specialties, to accelerate the pace of healthcare innovation and support the delivery of leading clinical and financial outcomes. athenahealth’s solutions and services enable its customers to increase clinical efficiency, optimize financial performance, improve patient care outcomes, and support providers in accelerating their shift toward value-based care.
Given our deep experience in software and healthcare, we are excited to work with Bob and the executive team to rapidly scale the business and continue to innovate and grow alongside our most disruptive and innovative ambulatory care clients to build the foundations of a multi-sided digital care network between patient, payer, and provider,” said Allen Thorpe, partner at Hellman & Friedman. “athenahealth’s technology leadership has differentiated the Company as a next generation cloud-based SaaS technology platform, facilitating innovation in a rapidly evolving and dynamic market,” added Sameer Narang, partner at Hellman & Friedman.
“医疗服务公司)athenahealth数字医疗的前沿金博宝188手机版网页in the United States, enhancing the clinical quality, operational efficiency, and delivery of preventive care to nearly 20% of the population today, unlocking the front door of the consumer healthcare journey and positioning the Company to support physicians in the continuing shift towards value-based care,” said Devin O’Reilly, a managing director at Bain Capital Private Equity. “We are excited to leverage our extensive vertical software and healthcare experience to help Bob and the management team accelerate growth, develop new products, gain market share, and continue to innovate in a highly scalable and vitally important end market,” added David Humphrey, a managing director at Bain Capital Private Equity.
