◆ Contrarian Corpus
Campaigns / Elliott Management → athenahealth, Inc.
Elliott Management vs. athenahealth, Inc.

athenahealth, Inc. · ATHN

2 decks published between 2018-05-07 and 2018-05-14 — 9 pages, 9 analysed slides total.

initial thesis follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2018-05-07 initial thesis

    ATHN May bid letter

    7pp · letter

    Elliott offers $160/share cash for athenahealth — a 27% premium valuing the company at ~$6.9bn — arguing chronic execution failures make going private the only path to realizing its HCIT potential.

    N 4 V 2 C 1
    ⌂
  2. 2018-05-14 follow up

    ATHN May 14 Letter

    2pp · letter

    Elliott's $160 cash offer for athenahealth is being stonewalled by a disengaged board; immediate engagement on a take-private transaction is the value-maximizing path for shareholders.