The mannequin of Bain Capital is displayed on the display all by way of a information convention in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon
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Nov 22 (Reuters) – Private-equity corporations Hellman & Friedman LLC and Bain Capital on Monday agreed To buy Athenahealth for $17 billion, The latest signal of rising curiosity in corporations powering the healthcare sector’s shift to the cloud.
Privately held Athenahealth provides Computer software Which will assist arrange affected person visits, doc affected person data and simplify funds. It competes with the likes of Cerner Corp (CERN.O).
Companies offering cloud-based mostly options to the healthcare sector have loved A requirement surge Through the COVID-19 pandemic as house-sure people flip to The internet For his or her medical wants.
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The progress has sparked a quantity of provides Inside the sector, collectively with Microsoft Corp’s (MSFT.O) $16 billion buyout of Nuance Communications Inc (NUAN.O) in April. study extra
The healthcare enterprise has additionally seen An enhance in dealmaking by private-equity corporations, which have joined palms this yr To accumulate corporations for large sums.
Blackstone (BX.N), Carlyle Group (CG.O) and Hellman & Friedman collectively agreed To buy medical current and gear agency Medline Industries Inc in June for $34 billion, collectively with debt. nL4N2…….
Source: https://www.reuters.com/article/marketsNews/idUSL4N2SD2L7?il=0