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Immelt's Life After GE Leads to Health Firm Targeted by Activist [Bloomberg Business News]

GENERAL ELECTRIC (GE)  More Company Research Source: Bloomberg Business News
Last general electric earnings: 4/23 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
PDF Jeffrey Immelt isn’t settling into a sleepy retirement. Just months after leaving the helm of General Electric Co., Immelt will become chairman of Athenahealth Inc. , maker of an online platform that helps doctors manage their practices. At roughly $5.4 billion, it has a market value approximately 4 percent that of GE. Athenahealth has seen its sales growth slow for several years, and it has come under pressure from a prominent activist investor wanting to shake up how the business is run. Elliott Management Corp. , led by billionaire Paul Singer , disclosed a 9.2 percent stake in the company last May and said it would seek talks with management about possible changes in the company’s operations, board composition and dividend policy. It also said it may push for a potential sale. In August, Athenahealth said it planned to split the roles of chairman and chief executive. Jonathan Bush, one of its founders, has served as chairman, CEO, and [Read more]

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