Athenahealth deal could be 2 weeks away

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It is likely athenahealth will ink a deal with one of its several bidders in the next two weeks, according to CNBC.

In mid-October, reports surfaced that at least five potential bidders had expressed interest in acquiring athenahealth. These bids came after New York City-based hedge fund Elliott Management made an unsolicited all-cash bid for athenahealth worth roughly $7 billion in May, offering to acquire the company at $160 per share.

One month later, athenahealth issued a statement that the company's board of directors initiated a process to consider "strategic alternatives" for the company, which might include a sale or merger.

At least a strategic buyer and two private equity firms had expressed interest in athenahealth, according to CNBC, but the bids were close to the company's stock price at $131.

During October, athenahealth's stock dropped to around $123; however, shares increased more than 3 percent Oct. 26.

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