Plus   Neg

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
Follow RTT