Elliott pushes athenahealth into a buyout (2018)
Activist hedge fund Elliott Management took a stake in athenahealth, then made a public bid and pressed for a sale. The health-software maker ran a strategic review and agreed to a $5.7 billion take-private led by Veritas Capital and Elliott's own buyout arm.
athenahealth's CEO departed and the company left the public markets in early 2019.
It was later combined with another firm and resold to new private owners at a higher valuation in 2022.
Like AstroNova, athenahealth faced activist pressure, replaced leadership, ran a review, and ended up sold to private equity.
