Kirkland & Ellis represents Bain Capital and Hellman & Friedman in their definitive agreement announced today to jointly acquire athenahealth, Inc., a leading provider of cloud-based enterprise software solutions for medical groups and health systems nationwide, for $17 billion. In addition to Hellman & Friedman, Bain Capital Private Equity, and Bain Capital Tech Opportunities, the investor group includes Veritas Capital and Evergreen Coast Capital, who will each retain a minority investment in athenahealth, as well as other new co-investors, including GIC, Singapore’s sovereign wealth fund, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The investment is expected to be completed in the first quarter of 2022.
Read athenahealth’s press release
The Kirkland team was led by corporate partners Matthew O’Brien and Chris Elder along with corporate associates Zoe Quick and Ben Vizvary; debt finance partners Melissa Hutson, David Nemecek, Yuli Wang and Austin Glassman; capital markets partners Sophia Hudson and Julia Danforth; and corporate partners Rick Campbell, Jeff Richards and Abhishek Kolay.
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