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athenahealth Inc (ATHN.OQ)

ATHN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Athenahealth Approves Compensation Arrangement For Jeffrey Immelt, Includes Monthly Retainer Of $150,000 Cash/Month
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - athenahealth Inc ::ATHENAHEALTH - ON AUGUST 29, APPROVED COMPENSATION ARRANGEMENT FOR JEFFREY IMMELT WHICH INCLUDES MONTHLY RETAINER OF $150,000 CASH/MONTH.ATHENAHEALTH SAYS COMPENSATION ARRANGEMENT ALSO INCLUDES MONTHLY RSU AWARD WITH FAIR MARKET VALUE OF ABOUT $150,000 - SEC FILING.ATHENAHEALTH - DURING JEFFREY IMMELT'S TENURE AS EXECUTIVE CHAIRMAN, HE WILL NOT RECEIVE ANY CASH COMPENSATION PAYABLE TO DIRECTORS.  Full Article

Athenahealth Initiates Process To Explore Strategic Alternatives
Wednesday, 6 Jun 2018 

June 6 (Reuters) - Athenahealth Inc ::ATHENAHEALTH INITIATES PROCESS TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING SEARCH FOR NEW CHIEF EXECUTIVE OFFICER.ATHENAHEALTH INITIATES PROCESS TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING SEARCH FOR NEW CHIEF EXECUTIVE OFFICER.FISCAL YEAR 2018 OUTLOOK AFFIRMED.JONATHAN BUSH STEPS DOWN AS PRESIDENT, CEO AND DIRECTOR OF ATHENAHEALTH.BOARD WILL CONSIDER A SALE, MERGER OR OTHER TRANSACTION INVOLVING COMPANY AS WELL AS CONTINUING AS AN INDEPENDENT COMPANY.JEFF IMMELT APPOINTED EXECUTIVE CHAIRMAN.CFO MARC LEVINE TO ASSUME ADDITIONAL OPERATIONAL RESPONSIBILITIES.FY2018 EARNINGS PER SHARE VIEW $4.02, REVENUE VIEW $1.35 BILLION -- THOMSON REUTERS I/B/E/S.ATHENAHEALTH - WHILE DISCUSSING WITH THIRD PARTIES REGARDING A POTENTIAL BUSINESS COMBINATION, BOARD HAS INITIATED SEARCH PROCESS TO IDENTIFY CEO CANDIDATES.  Full Article

Janus Henderson Reports 11.9 Percent Stake In athenahealth
Friday, 18 May 2018 

May 18 (Reuters) - athenahealth Inc ::JANUS HENDERSON GROUP PLC REPORTS 11.9 PERCENT STAKE IN ATHENAHEALTH AS OF MAY 15 - SEC FILING.JANUS HENDERSON GROUP-ON MAY 15, ENGAGED ATHENAHEALTH'S BOARD; BELIEVES INITIATING FORMAL SALE PROCESS FOR ATHENAHEALTH IS IN "BEST INTEREST" OF SHAREHOLDERS.JANUS HENDERSON GROUP - HAS HAD DISCUSSIONS WITH MEMBERS OF ATHENAHEALTH'S MANAGEMENT IN CONNECTION WITH ITS INVESTMENT IN ATHENAHEALTH.  Full Article

Athenahealth To Review Unsolicited Acquisition Proposal From Elliott Management
Monday, 7 May 2018 

May 7 (Reuters) - athenahealth Inc ::ATHENAHEALTH TO REVIEW UNSOLICITED ACQUISITION PROPOSAL FROM ELLIOTT MANAGEMENT.  Full Article

Elliott Management Makes Proposal To Acquire Athenahealth
Monday, 7 May 2018 

May 7 (Reuters) - Elliott Management Corporation::ELLIOTT MANAGEMENT MAKES PROPOSAL TO ACQUIRE ATHENAHEALTH.SAYS PROPOSES TO ACQUIRE ATHENAHEALTH FOR $160 PER SHARE IN CASH.SAYS LAST NOVEMBER, APPROACHED ATHENAHEALTH ABOUT POSSIBILITY OF TAKE-PRIVATE DEAL INVOLVING ELLIOTT OR OTHER INTERESTED PARTIES.SAYS ELLIOTT ASSOCIATES, ELLIOTT INTERNATIONAL OWN STOCK & ECONOMIC EQUIVALENTS REPRESENTING 8.9% OF OUTSTANDING STOCK OF ATHENAHEALTH.SAYS PROPOSES TO ACQUIRE ATHENAHEALTH FOR $160/SHARE IN CASH, REPRESENTING AN ENTERPRISE VALUE OF ABOUT $6.9 BILLION.SAYS ATHENAHEALTH "REFUSED TO ENGAGE" ABOUT APPROACH MADE LAST NOVEMBER ON POSSIBILITY OF TAKE-PRIVATE DEAL.SAYS IT HAS RECEIVED FINANCING INDICATIONS FROM LEADING BANKS IN LEVERAGED FINANCE FOR PROPOSED DEAL.SAYS INTEND TO FINANCE REMAINING CAPITAL REQUIRED FOR ATHENAHEALTH DEAL THROUGH EQUITY INVESTED BY ELLIOTT, SELECT PARTNERS.SAYS BELIEVES IT CAN COMPLETE CONFIRMATORY DUE DILIGENCE IN ABOUT 3 WEEKS IF PROVIDED "APPROPRIATE ACCESS" TO MANAGEMENT & INFORMATION.SAYS AS A NEXT STEP, WOULD WELCOME OPPORTUNITY TO DISCUSS PROPOSAL WITH ATHENAHEALTH BOARD.  Full Article

Athenahealth Reports Q4 GAAP Earnings Per Share $0.78
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Athenahealth Inc ::ATHENAHEALTH REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $2.48.Q4 GAAP EARNINGS PER SHARE $0.78.Q4 REVENUE ROSE 14 PERCENT TO $329.2 MILLION.  Full Article

Athenahealth Appoints Marc Levine As Chief Financial Officer And Treasurer
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Athenahealth Inc ::ATHENAHEALTH APPOINTS MARC LEVINE AS CHIEF FINANCIAL OFFICER AND TREASURER.ATHENAHEALTH INC - ‍MARC LEVINE WILL BECOME CHIEF FINANCIAL OFFICER EFFECTIVE JANUARY 2, 2018​.ATHENAHEALTH INC - JOHN KANE WILL STEP DOWN AS INTERIM CFO AS OF JANUARY 2, 2018 & CONTINUE TO SERVE AS A MEMBER OF BOARD​.  Full Article

Athenahealth reports Q3 EPS $0.32; to cut about 9% workforce
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Athenahealth Inc ::Athenahealth Inc says quarterly earnings per share $0.32.Quarterly adjusted earnings per share $0.56.quarterly total revenue $304.6 million, up 10 percent.Sees FY 2017 GAAP total revenue $1,200 million to $1,220 million.Sees FY 2017 non-gaap adjusted operating income $135 million to $150 million.Says expect negative impact of about $4 million on 2017 revenue from hurricanes harvey and irma.Sees FY 2017 gaap operating income $29 million to $53 million.Sees FY 2017 annual bookings $300 million to $350 million.Says announcing increase to previously identified cost savings target.Says on Oct 13, board approved strategic plan to generate $100 million to $115 million of gross pre-tax expense savings.Says expect to achieve savings via new organizational design, including closure of San Francisco and Princeton offices.Says as a result of redesign, expect to reduce workforce by about 9 percent.Says expect to realize substantially all of savings from strategic plan by the end of 2018.Says expect to incur pre-tax charges of about $15 million to $25 million related to workforce reductions, most of which will be recognized in Q4.Says "holding ourselves accountable to achieve at least 15% non-gaap operating margin in 2018".  Full Article

Athenahealth lays off more than 400 workers- Boston Business Journal
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - :Athenahealth lays off more than 400 workers- Boston Business Journal, citing sources‍​.  Full Article

Transcend Insights, athenahealth announce interoperability partnership
Wednesday, 15 Feb 2017 

Athenahealth Inc : Transcend insights and Athenahealth announce interoperability partnership .Transcend Insights - Partnership to establish electronic data exchange between approximately 30,000 health care providers on Athenahealth network.  Full Article

UPDATE 1-Einhorn's Greenlight cuts back many top holdings, slices Apple

BOSTON, Aug 14 Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry's worst returns, cut back several long-term holdings, including Apple Inc, Voya Financial Inc and Consol Energy Inc, a filing made on Tuesday shows.