DealBook Briefing: Athenahealth Has a New Chairman — Jeff Immelt [The New York Times]
Athena Technology Acquisition Corp. Class A (ATHN)
Last athena technology acquisition corp. class a earnings: 11/9 04:01 pm
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Source: The New York Times
The context The move adds a veteran corporate chieftain to oversee the fast-growing company, particularly as it seeks to prove that it’s capable of maturing. Athenahealth had been under pressure last year from Elliott Management, which disclosed a 9.2 percent stake in the company last spring and pressed for operational changes. Jonathan Bush, the company’s founder and C.E.O. (and a cousin of George W. Bush) credited the activist investor with helping him realize that a shake-up was necessary. The company beat earnings and revenue estimates in its fourth quarter. For Mr. Immelt, joining Athenahealth is in keeping with his interest in the health care business, a focus of his at G.E. What the principals say about the appointment • “I literally feel like I just scored a decade’s worth of guitar lessons from Elvis,” Mr. Bush said in a telephone interview. • “I’m convinced that this platform at Athenahealth can be one of the transformational platforms for health care,” Mr
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