athenahealth acquired for $17bn by Bain Capital and Hellman & Friedman

Affiliates of Bain Capital and Hellman & Friedman have wrapped up their previously announced $17 billion acquisition of athenahealth, a US-based healthcare technology firm, from Veritas Capital and Evergreen Coast Capital.

The deal was announced in November 2021.

athenahealth caters to medical groups and health systems across the US with cloud-based enterprise software solutions.

Bob Segert — chairman and CEO of athenahealth, who will continue in the same role, said: “We are thrilled to partner with Hellman & Friedman and Bain Capital as we take the next step in our evolution and continue our work to transform and improve the delivery of healthcare.

“It is an exciting time for athenahealth’s customers, employees, and partners.

“This acquisition confirms our position as the largest and most innovative provider of cloud-based electronic medical record and physician practice solutions across healthcare, and I look forward to our future as we work together to realize our vision of creating a thriving ecosystem that delivers accessible, high-quality, and sustainable healthcare for all.”

athenahealth is said to partner with over 140,000 ambulatory care providers across 120 plus specialties to boost clinical efficiency, enhance patient care outcomes, optimize financial performance, and support in expediting their transition towards value-based care.