Veritas Capital, a private equity firm, and Evergreen Coast Capital announced they will acquire software maker athenahealth for $5.7 billion.
Veritas and Evergreen will combine athenahealth with Virence Health, a GE Healthcare Value-based care company that Veritas acquired earlier this year.
Together, Veritas said the business will be a leading healthcare information technology company. The combined company will be under the athenahealth brand and have headquarters in Watertown, MA.
Virence Chairman and Chief Executive Officer Bob Segert will lead the team.
athenahealth’s investments have included The Right Place, a company focused on discharges to post-acute care partners.
