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athenahealth company profile

Cloud-based administrative tool for healthcare providers

1997Watertown (United States)Acquired

athenahealth - About the company

What does athenahealth do?

Cloud-based administrative tool for healthcare providers. The company has developed EHR, practice management, and population health solutions. The features include EHR, practice management, revenue cycle management (RCM), patient engagement, population health services, care coordination, clinical decision support, and more.

Company Details

Key Metrics
Total Funding
$46.5M in 5 rounds
Latest Funding Round
Investors
Ranked
Employee Count
4,445 as on Dec 31, 2022
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Bain Capital (Nov 22, 2021)

Which legal entities is athenahealth associated with?

athenahealth is associated with 7 legal entities given below:
Legal Entity Name
Date of incorporation
Revenue
Net Profit
Employee Count
Aug 20, 1997
-
-
197
Jan 19, 2022
-
-
521
Dec 20, 2020
-
-
624
Jul 02, 2003
-
-
300
$90.6M (as on Mar 31, 2023)
$10.5M (as on Mar 31, 2023)
690
Dec 26, 999
-
-
223
Dec 26, 999
-
-
668
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athenahealth's acquisition details

athenahealth got acquired by Bain Capital, Hellman & Friedman and Bain Capital on Nov 22, 2021 at an acquisition amount of $17B. It was facilitated by Evercore, Goldman Sachs, Milbank and 7 more.
Click here to take a look at athenahealth's acquisition in detail

athenahealth's funding and investors

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How much funding has athenahealth raised till date?

athenahealth has raised a total funding of $46.5M over 5 rounds.

List of recent funding rounds of athenahealth

Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
2007
$6.5M
Convertible Debt
3628
6475
-
Jul 07, 2003
$24K
Convertible Debt
4211262
1014813
-
Dec 04, 2000
$30M
Series B
2063401
4017968
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Who are athenahealth's investors?

athenahealth has 13 institutional investors including Venrock, Bain Capital Private Equity and Oak Investment Partners.

athenahealth's founders and board of directors

Founder? Claim Profile

Who are the founders of athenahealth?

The founders of athenahealth are Jonathan Bush and Todd Park. Todd Park has founded 2 more companies - Devoted Health and Castlight.

Who is the current CEO of athenahealth?

Jonathan Bush and Bob Segert are the CEO of athenahealth.

How many employees does athenahealth have?

athenahealth has 4,445 employees as of Dec 22. The total employee count is 9.5% more than what it was in Dec 21.
Employee count trend for athenahealth
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athenahealth's Competitors and alternates

Who are the competitors of athenahealth?

Top competitors of athenahealth include Symplr, Helium Health and CareCloud.

Here is the list of Top 10 competitors of athenahealth, ranked by Tracxn score :

Overall Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for athenahealth
athenahealth
1997, Watertown (United States), Acquired
Cloud-based administrative tool for healthcare providers
$46.5M
90/100
2nd
Logo for Symplr
Symplr
2006, Houston (United States), Acquired
Cloud based administrative suite solutions for healthcare organizations
-
68/100
3rd
Logo for Helium Health
Helium Health
2015, Lekki (Nigeria), Series B
Provider of software for EMR
$42.2M
66/100
4th
Logo for CareCloud
CareCloud
2009, Miami (United States), Acquired
Cloud-based administrative suite solutions for healthcare providers
$174M
66/100
5th
Logo for Notable
Notable
2017, San Mateo (United States), Series B
Provider of a wearable device for capturing patient-doctor interaction
$116M
63/100
6th
Logo for Olive
Olive
2012, Columbus (United States), Series H
Provider of AI-based platform for administrative solutions
$902M
60/100
7th
Logo for Lemon Healthcare
Lemon Healthcare
2019, Seoul (South Korea), Series C
Provider of hospital management software
$13.4M
59/100
8th
Logo for MedeAnalytics
MedeAnalytics
1994, Richardson (United States), Acquired
Healthcare performance analytics company offering BI to providers
$57M
57/100
9th
Logo for Dimagi
Dimagi
2002, Cambridge (United States), Series A
Open source mobile software for health workers
$10M
55/100
10th
Logo for Sandata
Sandata
1978, New York City (United States), Acquired
SaaS based suite solutions for home healthcare industry
-
54/100
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athenahealth's Investments and acquisitions

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athenahealth has made 5 investments in companies including The Right Place and PatientPop. athenahealth has also acquired 7 companies including Praxify and Patient IO. Here is the list of investments & acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jun 08, 2017
Acquisition
2010
Pune, India
Jan 19, 2017
Investments
2013
Houston, United States
Aug 22, 2016
Acquisition
-
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Reports related to athenahealth

Here is the latest report on athenahealth's sector:

News related to athenahealth

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Media has covered athenahealth for a total of 28 events in the last 1 year, 18 of them have been about company updates and 5 about partnerships.
Farmington-based Athena Health Care sells off five more CT nursingHartford Business JournalNov 05, 2024athenahealth
Athenahealth Unveils Ambient Notes, Orthopedic-Focused EHRHealthcare InnovationOct 31, 2024athenahealth
AthenaHealth Launch athenaOne for Behavioral HealthHIT ConsultantOct 08, 2024athenahealth
Athenahealth files for $86.25 million IPOReutersOct 03, 2024athenahealth
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Frequently asked questions about athenahealth

When was athenahealth founded?

athenahealth was founded in 1997.

Where is athenahealth located?

athenahealth is located in Watertown, United States.

Is athenahealth an acquired company?

athenahealth got acquired by Bain Capital, Hellman & Friedman and Bain Capital on Nov 22, 2021.

When was the latest funding round of athenahealth?

athenahealth's latest funding round was on 2007.

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