by
Thomas Dworetzky, Contributing Reporter | June 13, 2017
The last Athenahealth buy was in 2013, when it purchased Epocrates – a clinical content app with 300,000 doctors using it – for $293 million.
The Praxify deal announcement comes on the heels of Elliott Management, an activist investor run by Paul Singer,
taking a 9.2 percent stake in Athenahealth, according to its May 8th 13D SEC filing.
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"We are aware of Elliot's filing and look forward to talking with them to hear their views about the company, and discuss the actions we are taking to drive enhanced growth and value creation for all Athenahealth shareholders," an Athenahealth representative stated in May. "We have great confidence in the company and where we are headed."
Athenahealth's CEO Jonathan Bush, cousin of President George W. Bush and brother of Billy Bush, has been called “colorful” by CNBC, and has a reputation of being “outspoken” according to Bloomberg, but now he has to face an investor who wants to make changes.
At present, Athenahealth has a network of 99,000 providers and 88 million patients.
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