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Elliott reveals stake in Athenahealth, seeks to engage with board
May 18, 2017 / 12:58 PM / in 2 months

Elliott reveals stake in Athenahealth, seeks to engage with board

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May 18 (Reuters) - Activist investor Elliott Management disclosed a 9.2 percent stake in Athenahealth Inc on Thursday, calling the healthcare software provider's shares "significantly undervalued."

Athenahealth's shares jumped 15.7 percent to $123 in trading before the bell.

Elliott would seek to engage in a dialogue with Athenahealth's board regarding opportunities to increase shareholder value, the investor said in a regulatory filing. (Reporting by Natalie Grover in Bengaluru; Editing by Sai Sachin Ravikumar)

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