El­liott Man­age­ment, led by ac­tivist in­vestor Paul Singer, has taken a 9.2% stake in Athenahealth.

Modern Healthcare - - LATE NEWS -

The in­for­ma­tion tech­nol­ogy firm of­fers cloud-based elec­tronic health records to providers. News of the deal, made this month, came in the form of a Se­cu­ri­ties and Ex­change Com­mis­sion fil­ing re­leased late last week. The com­pany’s shares jumped by more than 17% af­ter the news broke, bring­ing its mar­ket value to up­ward of $5 bil­lion. The boost in shares fol­lows a dip a cou­ple of weeks ago in re­sponse to a dis­ap­point­ing first quar­ter.

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