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Athenahealth Receives Multiple Buyout Bids: Reports

Athenahealth Inc. (ATHN), the hospital and ambulatory services company, reportedly has received multiple buyout bids.

According to CNBC, Athenahealth received three bids, two from private equity firms and one from a strategic buyer. However, the bids are much above the stock price of $131. Elliott Management previously had bid $160 a share for the company in an all-cash unsolicited offer.

In June, Athenahealth had initiated a process to explore strategic alternatives, including a sale. Jonathan Bush stepped down as CEO in June. athenahealth is a provider of network-enabled services for hospital and ambulatory customers nationwide.

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