Athenahealth, a healthcare software maker, was purchased for $5.7 billion by private equity firm Veritas Capital. The all-cash deal valued the company at $135 per share, or a 12.2 percent premium over Friday's stock price.
After the deal is complete, it is expected that athenahealth, Inc. will merge with Virence Health, which is the former GE Healthcare unit that was purchased by Veritas earlier in 2018. Athenahealth is known for making cloud-based software used to track revenue from patients, doctors and hospitals. Over the past year, it has cut staff and changed management in a restructuring effort, perhaps in an effort to attract buyers.