Following the completion of the deal, Bob Segert, who leads athenahealth as chairman and chief executive officer, will continue in his current position, along with the management team there now. "Bain Capital and Hellman & Friedman recognize the value that athenahealth has created as a market leader and the potential the company has for continued growth, given the important role we play in accelerating innovation and driving improved care outcomes. We expect they will be strong partners who share our growth ambitions as well as our vision of creating a thriving ecosystem that delivers accessible, high-quality, and sustainable healthcare for all," Bob Segert, chairman and chief executive officer of athenahealth, told HCB News.

Investors consist of Hellman & Friedman, Bain Capital Private Equity and Bain Capital Tech Opportunities. Veritas Capital and Evergreen Coast Capital will also each retain a minority investment in athenahealth, along with other new co-investors, including GIC, Singapore’s sovereign wealth fund, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

“athenahealth’s technology leadership has differentiated the company as a next-generation cloud-based SaaS technology platform, facilitating innovation in a rapidly evolving and dynamic market,” said Sameer Narang, partner at Hellman & Friedman, in a statement.

The investment is subject to regulatory approvals and customary closing conditions. It is expected to be completed in the first quarter of 2022.

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