Athenahealth Receives Multiple Buyout Bids: Reports

(RTTNews) - Athenahealth Inc. (ATHN), the hospital and ambulatory services company, reportedly has received multiple buyout bids.

According to CNBC, Athenahealth received three bids, two from private equity firms and one from a strategic buyer. However, the bids are much above the stock price of $131. Elliott Management previously had bid $160 a share for the company in an all-cash unsolicited offer.

In June, Athenahealth had initiated a process to explore strategic alternatives, including a sale. Jonathan Bush stepped down as CEO in June. athenahealth is a provider of network-enabled services for hospital and ambulatory customers nationwide.