H&F, Bain Capital tap into health tech boom with $17 billion Athenahealth deal

H&F, Bain Capital tap into health tech boom with $17 billion Athenahealth deal

H&F, Bain Capital tap into health tech boom with $17 billion Athenahealth deal

Information about H&F, Bain Capital tap into health tech boom with $17 billion Athenahealth deal

Kevin David Scam or Legit


(Reuters) -Private-equity firms Hellman & Friedman LLC and Bain Capital on Monday agreed to buy Athenahealth for $17 billion, the latest sign of rising interest in companies powering the healthcare sector’s shift to the cloud.
Privately held Athenahealth offers software that can help organize patient visits, document patient records and simplify payments. It competes with the likes of Cerner Corp.
Companies providing cloud-based solutions to the healthcare sector have enjoyed a demand surge during the COVID-19 pandemic as home-bound people turn to the web for their medical needs.
The boom has sparked several deals in the sector, including Microsoft Corp’s $16 billion buyout of Nuance Communications Inc in April.
The healthcare industry has also seen a rise in dealmaking by private-equity firms, which have joined hands this year to acquire companies for huge …

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