Sunday , September 25 2022

Athenahealth Stock Decreases have been confirmed



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Shares of Athenahealth Inc.

ATHN, + 9,47%

increased 9.3 percent in pre-trade trading months after the hospital and outpatient company confirmed it was acquired in a $ 5.7 billion deal by Veritas Capital and Elliott Management Corp. Under the terms of the agreement, the funds will pay $ 135 per share in cash for each Athenahealth, which represents a 12% premium at the closing price of $ 120.35 on Friday and involves a market capitalization of $ 5.48 billion . Reuters initially reported on the weekend that the transaction will be announced on Monday. After the transaction, which is expected to occur in the first quarter of 2019, it is expected that Athenahealth will be combined with Virence Health, the GE Healthcare asset that Veritas obtained earlier this year. Ahenahealth has fallen 20% in the past three months to Friday, while the S & P 500

SPX, -0.59%

slipped 1.8%.

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