11-11-2018 23:59 via uk.news.yahoo.com

Veritas Capital, Elliott clinch $5.5 billion acquisition of Athenahealth: sources

Athenahealth, whose cloud-based service is used to track revenue from patients, physicians and hospitals, had been under pressure to sell itself from Elliott, which has about a 9 percent stake in the company.As part of a restructuring effort this year, it has cut jobs and hired former General Electric CoChief Executive Jeff Immelt as chairman.The acquisition, which values Athenahealth at around $135 per share, will be announced on Monday, the sources said, asking not to be identified ahead of an
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