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athenahealth - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

athenahealth M&A Summary

athenahealth has acquired 9 companies of its own, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms.

athenahealth has acquired in 4 different US states. The Company’s most targeted sectors include information technology (45%) and software (23%).

athenahealth Ownership

Who owns athenahealth?

athenahealth is owned by Bain Capital Double Impact, Bain Capital Private Equity, Bain Capital Tech Opportunities and Hellman & Friedman. It was acquired on November 22, 2021.

Is athenahealth PE-backed?

Yes. athenahealth is owned by private equity investors Bain Capital Double Impact, Bain Capital Private Equity, Bain Capital Tech Opportunities and Hellman & Friedman.

Was athenahealth formerly PE-backed?

Yes. athenahealth was formerly owned by 2 private investors.

athenahealth Business Overview

Where is athenahealth headquartered?

athenahealth is headquartered in Boston, Massachusetts.

What is athenahealth’s revenue?

athenahealth disclosed revenue of 1,220M USD for 2017 and 1,083M USD for 2016.

How many employees does athenahealth have?

athenahealth has 4,668 employees.

What sector is athenahealth in?

athenahealth is an internet software and services company.

When was athenahealth founded?

athenahealth was founded in 1997.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity9
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4

athenahealth

athenahealth, Inc.

80 Guest Street,
Boston, Massachusetts 02135
United States,
(800) 981-5084
www.athenahealth.com

athenahealth is a provider of Internet-based business services for physician practices. The Company's service offerings are based on proprietary web-native practice management and electronic health record (EHR) software, a continuously updated payer knowledge-base, integrated back-office service operations, and live patient communications services. athenahealth was founded in 1997 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 8 - 1 - - - 9
Sell (0.0/yr) # - - - - - - 0
  9

Most Recent M&A

Company Date Value Type
Quatris Healthco 2022-12-29 - Divestiture
Bedford, Texas · www.athenahealth.com/quatris-healthco
Virence Health Technologies 2019-07-01 - Merger
Westborough, Massachusetts · www.virencehealth.com
Praxify Technologies, Inc. 2017-06-08 - Add-on Acquisition
Palo Alto, California · www.praxify.com
Filament Labs, Inc. 2016-08-29 - Add-on Acquisition
Austin, Texas · www.patientio.com
Arsenal Health 2016-04-14 - Add-on Acquisition
Cambridge, Massachusetts · www.smartscheduling.io
RazorInsights 2015-01-14 - Add-on Acquisition
Kennesaw, Georgia · www.razorinsights.com
Epocrates, Inc. 2013-03-12 - Add-on Acquisition
San Mateo, California · www.epocrates.com
Healthcare Data Services LLC 2012-10-10 - Add-on Acquisition
Boston, Massachusetts · www.hdsweb.com
Anodyne Health Partners, Inc. 2009-10-05 - Add-on Acquisition
Alpharetta, Georgia · www.anodynehp.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 4 (44%) - - -
Software 2 (22%) - - -
Business Services 1 (11%) - - -
Healthcare Services 1 (11%) - - -
Internet Software and Services 1 (11%) - - -
Total 9 - - -

By Geo

State/Country Buy Value Sell Value
United States 9 - - -
  Massachusetts 3 - - -
  Texas 2 - - -
  Georgia 2 - - -
  California 2 - - -
Total 9 - - -

M&A Connections

Deals
Acquired from
Investor(s)
44%
4 (44%)

Company Summary

SECTOR

Internet Software and Services

Revenue

1,220   13% 2017
1,083   18% 2016
924   23% 2015
752   27% 2014
595   41% 2013
422   2012
(millions of USD) Show More Show Less

Employees

4,668

Established

1997

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