Jonathan Bush is out as CEO, Athenahealth considers sale of the company

Jonathan Bush is out as CEO, Athenahealth considers sale of the company

Athenahealth said Wednesday it is considering strategic alternatives as its CEO Jonathan Bush steps down, effective immediately, as he faces allegations including that he attacked his then wife 13 years ago. Athenahealth, which sells a software platform to medical providers, is fighting a takeover offer for $160 a share from Paul Singer’s activist firm Elliott Management. Before Wednesday’s announcement, the stock was at $151 a share, about 6 percent below the offer price. The company…

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Paul Singer’s Elliott makes all-cash offer for Athenahealth of $160 a share

Paul Singer’s Elliott makes all-cash offer for Athenahealth of $160 a share

Elliott Management made an all-cash deal for Athenahealth, with a bid of $160 a share, the activist firm said in a letter Monday. The proposal is a 27 percent premium to Athenahealth’s share price as of Friday. The shares jumped nearly 24 percent in trading on Monday after CNBC’s David Faber reported that Elliott was preparing to make the bid, citing sources familiar with the matter. Paul Singer’s Elliott, which took a 9.2 percent stake…

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