Bain Capital, Hellman near Athenahealth buyout deal – WSJ

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The deal for Athenahealth, which provides cloud-based software to healthcare organizations, could be finalized in the coming days, according to the report.

In September, it was reported that private-equity firm Veritas Capital and hedge fund Elliott Investment were exploring options for Athenahealth including a sale or initial public offering which could be valued at up to $20 billion.

Elliott Investment and Veritas had partnered in 2018 for a $5.7 billion deal to take Athenahealth private, after which the company was merged with a healthcare unit that Vertias had acquired from General Electric (NYSE:GE).

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