Two unnamed private equity firms and one unnamed strategic buyer have shown interest in the company, the sources said. The bids are reportedly not much above athenahealth’s stock price of $131, up roughly 2.3 percent on Sept. 27.
Jeff Immelt, athenahealth executive chairman, confirmed in July that the board was considering a sale, merger or keeping the company an independent entity.
Elliott Management, Paul Singer’s activist investment fund, kicked off athenahealth’s potential sale with an unsolicited all-cash bid of $160 per share in May. The firm, once favored to acquire the company, has since rescinded its offer.
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