“Private equity firms Hellman & Friedman LLC and Bain Capital will acquire cloud-based EHR vendor athenahealth for $17 billion, according to reporting from Reuters.”
“This announcement comes as companies continue to drive the healthcare sector’s shift to the cloud.”
“COVID-19 has driven demand for artificial intelligence and cloud-based solutions that aim to increase productivity, protect patient data, and enhance interoperability.”
“athenahealth’s cloud-based EHR software suite can be used to schedule patient visits, document patients’ clinical records, and track and collect payments.”
“The purchase is expected to close in the first quarter of 2022…”
“While there are positives and negatives regarding both cloud-based and in-house EHR adoption, cost savings, security considerations, and data sharing benefits are a few major checkmarks that are in favor of cloud-based EHRs…” Read the full article here.
Source: Private Equity Firms Acquire Cloud-Based EHR Vendor athenahealth – By Hannah Nelson, November 22, 2021. EHR Intelligence.
