About athenahealth
athenahealth is a company based in Watertown (United States) founded in 1997 was acquired by Bain Capital in November 2021.. athenahealth has raised $40 million across 4 funding rounds from investors including Elliott Management, Bain Capital and Veritas Capital. athenahealth has completed 7 acquisitions, including Anodyne Health, Patient IO and Praxify. athenahealth offers products and services including Electronic Health Record, Medical Billing Software, and Patient Engagement. athenahealth operates in a competitive market with competitors including Symplr, Helium Health, Notable, Lemon Healthcare and MedeAnalytics, among others.
- Headquarter Watertown, United States
- Stage Public
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 4 rounds
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Latest Funding Round
$6.5 M (USD), Debt – Convertible
Jun 01, 2007
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Investors
Elliott Management
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Anodyne Health
& 6 more
- Acquired by
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Products & Services of athenahealth
athenahealth offers a comprehensive portfolio of products and services, including Electronic Health Record, Medical Billing Software, and Patient Engagement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing patient records and clinical workflows.
System to streamline billing and collections for practices.
Tools for enhancing patient interactions and care.
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Product Management Team
117 people
Software Development Team
110 people
Sales and Marketing
107 people
Leadership Team
67 people
Senior Team
43 people
Finance and Accounting
18 people
Human Resources and Administration
15 people
Operations Team
14 people
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Funding Insights of athenahealth
athenahealth has successfully raised a total of $40M across 4 strategic funding rounds. The most recent funding activity was a Debt – Convertible round of $6.5 million completed in June 2007. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Convertible — $6.5M
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First Round
First Round
(01 Oct 1999)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Debt – Convertible - athenahealth | Valuation |
investors |
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| Jul, 2003 | Amount | Debt – Convertible - athenahealth | Valuation |
investors |
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| Dec, 2000 | Amount | Series B - athenahealth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in athenahealth
athenahealth has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Elliott Management, Bain Capital and Veritas Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Life science & tech focused VC firm investing in early stage companies in the US
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by athenahealth
athenahealth has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Anodyne Health, Patient IO and Praxify. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform for care coordination, patient engagement and for developers to integrate it to their existing systems.
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2013 | ||||
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A predictive analytics software for appointment management
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2012 | ||||
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Cloud based physician Practice Management Solution with an integrated EHR on mobile/tablet
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - athenahealth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Athenahealth Comparisons
Competitors of athenahealth
athenahealth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Symplr, Helium Health, Notable, Lemon Healthcare and MedeAnalytics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
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| domain | founded_year | HQ Location |
Electronic medical records software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Wearable device provided for capturing patient-doctor interactions.
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| domain | founded_year | HQ Location |
Hospital management software is provided for patient care processes.
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| domain | founded_year | HQ Location |
Healthcare analytics are delivered to enhance provider performance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Athenahealth
Frequently Asked Questions about athenahealth
When was athenahealth founded?
athenahealth was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Where is athenahealth located?
athenahealth is headquartered in Watertown, United States.
Who is the current CEO of athenahealth?
Bob Segert is the current CEO of athenahealth.
Is athenahealth a funded company?
athenahealth is a funded company, having raised a total of $40M across 4 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Oct 01, 1999.
What does athenahealth do?
Athenahealth was founded in 1997 and is headquartered in Watertown, United States. Operations focus on the healthcare technology sector, where cloud-based solutions are provided to support providers. Services encompass electronic health records (EHR), practice management, revenue cycle management (RCM), patient engagement, population health, care coordination, and clinical decision support. These tools aid administrative and clinical workflows for medical practices.
Who are the top competitors of athenahealth?
athenahealth's top competitors include Notable, Symplr and Helium Health.
What products or services does athenahealth offer?
athenahealth offers Electronic Health Record, Medical Billing Software, and Patient Engagement.
How many acquisitions has athenahealth made?
athenahealth has made 7 acquisitions, including Anodyne Health, Patient IO, and Praxify.
Who are athenahealth's investors?
athenahealth has 9 investors. Key investors include Elliott Management, Bain Capital, Veritas Capital, Venrock, and Cardinal Partners.