Veritas Capital, Elliott consider sale or IPO for Athenahealth - NewsBreak

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By Flemming in Business
Updated 3 years ago

Veritas Capital and Elliott Management hired bankers to consider a sale or IPO process for Athenahealth, which could be valued at more than $20 billion, per Bloomberg. Why it matters: This could be a four-bagger for Veritas and Elliott, which paid just $5.7 billion for the Watertown, Massachusetts-based health tech company in 2018, less than what Elliott had originally offered to pay, before its hostile efforts were buttressed by the departure of company co-founder Jonathan Bush.

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