About athenahealth
athenahealth is a Healthcare company based in Watertown (United States) founded in 1997, and was acquired by Bain Capital in November 2021. Cloud-based administrative tools for healthcare providers are offered. 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. Its chief executive, as recorded, is Bob Segert. Its website athenahealth.com draws about 33.3 million monthly visits. Its Indian entity Athenahealth Technology Private Limited reported revenue of ₹1,011 Cr. athenahealth offers products and services including Electronic Health Record, Medical Billing Software, and Patient Engagement. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Symplr, Notable and MedeAnalytics; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Watertown, United States
- Stage Acquired
- SectorsHealthcare
- Website category Health
- Email••••••••
- Phone•••• ••••
- Website athenahealth.com
- Social LinkedIn X Facebook YouTube
- Acquired by Bain Capital (Nov 2021)
- Legal Name Athenahealth Technology Private Limited
- Date of Incorporation 24 Aug, 2005
- Indian entity revenue₹1,011 Cr
FY 2025 · +18% YoY
- Indian entity net profit₹2,299 Cr
FY 2025 · 235% margin
- Indian entity EBITDA₹2,717 Cr
FY 2025 · 278% margin
- Total Equity Funding$40M (USD)
in 4 rounds
- Latest Funding Round$6.5M (USD), Debt – Convertible
Jun 2007
- InvestorsElliott Management
& 8 more
- Investments & AcquisitionsAnodyne Health
& 6 more
- Acquired by
Associated legal entities of athenahealth
athenahealth operates through Athenahealth Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Athenahealth Technology Private Limited CIN U72200TN2005PTC057276 | Active | 24 Aug 2005 | Chennai, Tamil Nadu | ₹1,011 Cr | 2,200 | 4 | View details |
Products & Services of athenahealth
athenahealth offers a comprehensive portfolio of products and services, including Electronic Health Record, Medical Billing Software, and Patient Engagement.
Software for managing patient records and clinical workflows.
System to streamline billing and collections for practices.
Tools for enhancing patient interactions and care.
Apps and channels of athenahealth
athenahealth publishes 1 mobile app with over 500K+ downloads; its YouTube channel athenahealth has 6.17K subscribers and 30 videos.
Videos from athenahealth
The most watched videos on athenahealth's YouTube channel, athenahealth (6.17K subscribers). Click a video to play it here.
More on athenahealth.
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 $40M
- Total Rounds 4
- Last Round Debt – Convertible — $6.5M
- First Round $10M
(Oct 1999)
- Investors Count 5
All 4 funding rounds of athenahealth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2007 | $6.5M | Debt – Convertible | – | – | – |
| Jul 2003 | $24,000 | Debt – Convertible | – | – | – |
| Dec 2000 | $30M | Series B | – | – | |
| Oct 1999 | $10M | Series A | – | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on tech sectors | venrock.com | Palo Alto, United States | ||
Life science & tech focused VC firm investing in early stage companies in the US | cardinalpartners.com | Princeton, United States | ||
US focused VC firm | dfj.com | Menlo Park, United States | ||
Venture capital investments are made in disruptive growth companies. | oakvc.com | Greenwich, United States | ||
Early-stage Tech & Offline focused VC Firm investing in geographies such as the US | draperrichards.com | Menlo Park, United States | ||
Private equity firm focused on acquisitions | hf.com | San Francisco, United States | ||
Technology enterprises are targeted for private equity investments. | 1992 | veritascapital.com | New York, United States | |
Debt and equity investments are pursued across multiple sectors. | 1984 | baincapital.com | Boston, United States | |
Multiple sectors are invested in by the hedge fund. | 1977 | elliottmgmt.com | New York, United States |
Investor details for athenahealth
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Board of directors of Athenahealth Technology Private Limited (athenahealth)
Athenahealth Technology Private Limited is the primary company behind athenahealth. The board of Athenahealth Technology Private Limited currently have 4 directors; the longest-serving is Anilkumar Patil, appointed in 2020. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anilkumar Patil DIN 08732428 | Director | 08 Apr 2020 | 6 yrs 7 mo | Athenahealth Technology Private Limited |
| Srinivasan Vijayalakshmi DIN 08732429 | Director | 14 May 2020 | 6 yrs 6 mo | Athenahealth Technology Private Limited |
| Dhandapani Thirumalai Nambi DIN 09744806 | Director | 30 Sep 2022 | 4 yrs 1 mo | Athenahealth Technology Private Limited |
| Deepak Kumar DIN 10736601 | Director | 16 Aug 2024 | 2 yrs 3 mo | Athenahealth Technology Private Limited |
People of athenahealth
558 people are tracked at athenahealth (206 in leadership, 352 in team).
| Name | Role | Group |
|---|---|---|
Bob Segert | CEO | Leadership |
Emily Putnam | Vice President, Customer Success | Leadership |
Marietta G Morris | Director, Customer Success Management | Leadership |
Paul Brient | Chief Product and Operations Officer | Leadership |
Ryan Drago | Director Of Sales | Leadership |
Shiva Chander | Director - Marketing Strategy | Leadership |
Brittany Podolak | Chief People Officer | Leadership |
Sandesh Aravind | Director - Documents And Search Platform | Leadership |
Anu Ramakrishnan | Director Of Product Management | Leadership |
Sam Lambson | Vice President, Product Management, Data And Ecosystem Platform | Leadership |
Ariel Coppola | Marketing Director | Leadership |
Sonia Choi | Vice President, Revenue Cycle Transformation | Leadership |
Rick G. | Sales Director- Athenaedi | Leadership |
Andrew Johnson | Head Of Commercial And Customer Success | Leadership |
Barbara Moore | Executive Director, Product Management, Finance Technology | Leadership |
Tim Reimer | Executive Director, Sales Executive | Leadership |
Caleb Anderson | Chief Sales Officer | Leadership |
Sujini H A | Senior Human Resources Business Partner | Leadership |
Jeffrey Becker | Vice President, Portfolio Marketing | Leadership |
Stephanie Zaremba | Executive Director, Strategic Partnerships | Leadership |
538 more people are available in the full profile.
Complete people profiles for athenahealth
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Financials of athenahealth
Figures of Athenahealth Technology Private Limited, the primary company behind athenahealth, for FY 2025. Revenue was ₹1,011 Cr (+18% year on year). Net profit was ₹2,299 Cr (235% margin). EBITDA was ₹2,717 Cr (278% margin). Revenue has grown at a compounded annual rate of 0% over three years and +18% over five years.
- ₹1,011 CrRevenue · FY 2025 · +18% YoY
- ₹2,299 CrNet profit · 235% margin
- ₹2,717 CrEBITDA · 278% margin
- ₹9.6 LakhPaid-up capital
- 2,200Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Athenahealth Technology Private Limited are on its company page.
Detailed financial statements for athenahealth
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud based physician Practice Management Solution with an integrated EHR on mobile/tablet | praxify.com | Pune, India | 2010 | Jun 2017 | $63M | |
Platform for care coordination, patient engagement and for developers to integrate it to their existing systems. | patientio.com | Austin, United States | 2013 | Aug 2016 | •••• | |
A predictive analytics software for appointment management | smartscheduling.io | Cambridge, United States | 2012 | Apr 2016 | •••• | |
Cloud-based practice management platform is provided for healthcare providers. | razorinsights.com | Atlanta, United States | 2010 | Jan 2015 | •••• | |
Clinical information is delivered to healthcare professionals via software. | epocrates.com | San Mateo, United States | 1998 | Jan 2013 | $293M | |
Web-based pre-admission solutions are provided for healthcare facilities. | proxsyscorp.com | Birmingham, United States | 2004 | Jul 2011 | $28M | |
Business intelligence software is provided for healthcare revenue cycles. | anodynehealth.com | Alpharetta, United States | 2003 | Oct 2009 | $22.3M |
Complete acquisition details for athenahealth
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Timeline of athenahealth
13 dated milestones of athenahealth across 24 years, from founding to its latest funding, stage changes and deals.
- Founded athenahealth is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Debt – Convertible, of $6.5M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Anodyne Health.
- Acquisition Acquires Proxsys.
- Acquisition Acquires epocrates.
- Acquisition Acquires RazorInsights.
- Acquisition Acquires Smart Scheduling.
- Acquisition Acquires Patient IO.
- Acquisition Acquires Praxify.
- Exit Acquired by Veritas Capital.
- Exit Acquired by Bain Capital.
Competitors of athenahealth
athenahealth has 3 listed competitors in our database, 2 of them funded. They include Symplr, Notable and MedeAnalytics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| symplr.com | 2006 | Houston, United States | 107 | Cloud-based administrative solutions for healthcare credentialing and compliance are offered. | ||
| notablehealth.com | 2017 | San Mateo, United States | $116.5M | 217 | Wearable device provided for capturing patient-doctor interactions. | |
| medeanalytics.com | 1994 | Richardson, United States | $57M | 220 | Healthcare analytics are delivered to enhance provider performance. |
Detailed competitors of athenahealth
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Web traffic of athenahealth
The website of athenahealth (athenahealth.com) receives about 33.3M visits a month and ranks #983 among all websites worldwide, #8 in Health.
- Monthly visits33.3M
▲ 6% vs previous month
- Unique visitors8.5M
per month
- Global rank#983
among all websites
- Category rank#8
Health · Health
- Bounce rate28%
- Pages per visit8.7
- Average visit5 min 11 sec
- DevicesDesktop 45% · Mobile 55%
Websites whose visitors overlap most with athenahealth. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| summithealth.com | 100% | 429.7K | #101,053 | View details | |
| myprivia.com | 95% | 568K | #113,601 | View details | |
nextmd.com | nextmd.com | 83% | #185,053 | – | |
| athenahealthcare.com | 82% | #3,296,753 | View details | ||
| cvsspecialty.com | 79% | #20,083 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for athenahealth
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as athenahealth (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Athenahealth
Complete news archive for athenahealth
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Frequently Asked Questions about athenahealth
athenahealth was founded in 1997 and raised its 1st funding round 2 years after it was founded.
athenahealth is headquartered in Watertown, United States.
Bob Segert is the CEO of athenahealth, as recorded in our data.
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 A of $10M, raised on Oct 1999.
The primary company behind athenahealth, Athenahealth Technology Private Limited, reported revenue of ₹1,011 Cr for FY 2025, up 18% year on year.
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.
athenahealth's top competitors include Notable, Symplr and MedeAnalytics.
athenahealth offers Electronic Health Record, Medical Billing Software, and Patient Engagement.
athenahealth has made 7 acquisitions, including Anodyne Health, Patient IO, and Praxify.
athenahealth has 9 investors. Key investors include Elliott Management, Bain Capital, Veritas Capital, Venrock, and Cardinal Partners.
athenahealth operates through Athenahealth Technology Private Limited.
Yes. athenahealth was acquired by Bain Capital in November 2021.