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Athenahealth Inc. (ATHN) Is Up Sharply As It Considers Sale

athenahealth Inc. (ATHN) announced Wednesday morning that its Board has initiated a process to explore strategic alternatives, including a possible sale of the company.

The company also announced that Jonathan Bush has stepped down as President, Chief Executive Officer and as a member of the athenahealth Board, effective immediately.

athenahealth has gapped open sharply higher after a delayed opening and is now up 8.34 at $159.48 on above average volume. The stock has jumped to a new high for the year.

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