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athenahealth Inc (ATHN.OQ)

ATHN.OQ on NASDAQ Stock Exchange Global Select Market

21 Nov 2017
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$1.53 (+1.19%)
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Latest Key Developments (Source: Significant Developments)

Athenahealth reports Q3 EPS $0.32; to cut about 9% workforce
Thursday, 19 Oct 2017 04:01pm EDT 

Oct 19 (Reuters) - Athenahealth Inc ::Athenahealth Inc says quarterly earnings per share $0.32.Quarterly adjusted earnings per share $0.56.quarterly total revenue $304.6 million, up 10 percent.Sees FY 2017 GAAP total revenue $1,200 million to $1,220 million.Sees FY 2017 non-gaap adjusted operating income $135 million to $150 million.Says expect negative impact of about $4 million on 2017 revenue from hurricanes harvey and irma.Sees FY 2017 gaap operating income $29 million to $53 million.Sees FY 2017 annual bookings $300 million to $350 million.Says announcing increase to previously identified cost savings target.Says on Oct 13, board approved strategic plan to generate $100 million to $115 million of gross pre-tax expense savings.Says expect to achieve savings via new organizational design, including closure of San Francisco and Princeton offices.Says as a result of redesign, expect to reduce workforce by about 9 percent.Says expect to realize substantially all of savings from strategic plan by the end of 2018.Says expect to incur pre-tax charges of about $15 million to $25 million related to workforce reductions, most of which will be recognized in Q4.Says "holding ourselves accountable to achieve at least 15% non-gaap operating margin in 2018".  Full Article

Athenahealth lays off more than 400 workers- Boston Business Journal
Thursday, 19 Oct 2017 02:35pm EDT 

Oct 19 (Reuters) - :Athenahealth lays off more than 400 workers- Boston Business Journal, citing sources‍​.  Full Article

Brian McKeon joins Athenahealth board of directors
Tuesday, 5 Sep 2017 08:00am EDT 

Sept 5 (Reuters) - Athenahealth Inc ::Brian McKeon joins Athenahealth board of directors.Athenahealth Inc - ‍with McKeon, Athenahealth board has been expanded to 10 members​.  Full Article

Athenahealth announces strategic initiatives to drive increased levels of profitable growth and enhance shareholder value
Tuesday, 1 Aug 2017 08:00am EDT 

Aug 1 (Reuters) - Athenahealth Inc :Athenahealth announces strategic initiatives to drive increased levels of profitable growth and enhance shareholder value.Athenahealth Inc - ‍targeting approximately $100 million in cost-savings to increase profitability and drive growth​.Athenahealth Inc - ‍augmenting senior management structure to establish role of president, in addition to ongoing CFO search​.Says augmenting senior management structure to establish role of president, in addition to ongoing CFO search.Launching search to recruit seasoned independent chairman of board and additional independent director.Athenahealth Inc - ‍president will be responsible for execution of athenahealth's business operations​.Athenahealth Inc - ‍board plans to separate roles of chairman and CEO and is working to recruit an independent chairman​.Athenahealth Inc - ‍in addition, board has begun a search process to appoint an additional independent director​.  Full Article

Athenahealth Inc Q2 GAAP earnings per share $0.24
Thursday, 20 Jul 2017 04:01pm EDT 

July 20 (Reuters) - Athenahealth Inc :Athenahealth Inc reports second quarter fiscal year 2017 results.Q2 adjusted non-GAAP earnings per share $0.51.Q2 GAAP earnings per share $0.24.Q2 revenue $301.1 million versus I/B/E/S view $298.7 million.Q2 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Athenahealth Inc - reaffirms fiscal year 2017 financial outlook.FY2017 earnings per share view $1.86, revenue view $1.22 billion -- Thomson Reuters I/B/E/S.  Full Article

Athenahealth names John Kane as interim CFO
Friday, 14 Jul 2017 08:00am EDT 

July 14 (Reuters) - Athenahealth Inc ::Athenahealth announces chief financial officer transition.Athenahealth announces chief financial officer transition.Says John A. Kane appointed interim CFO.Karl Stubelis steps down to pursue other opportunities.Says reaffirms fiscal year 2017 guidance.Stubelis will continue to support company through reporting of Athenahealth's 2017 Q2 results.Says ‍has initiated a search to identify a permanent CFO and has retained DHR International to assist in process​.Fy2017 earnings per share view $1.86, revenue view $1.22 billion -- Thomson Reuters I/B/E/S.Athenahealth Inc - board intends to reconstitute its audit committee.Athenahealth Inc - expects to appoint Tom Szkutak as chair, effective with Kane's appointment as interim CFO.  Full Article

Janus Capital reports 14.6 pct passive stake in athenahealth as of May 31 - SEC filing
Monday, 12 Jun 2017 01:41pm EDT 

June 12 (Reuters) - Janus Capital Management::Janus Capital Management reports 14.6 percent passive stake in athenahealth Inc as of May 31 - SEC filing.  Full Article

Athenahealth to acquire Praxify Technologies
Thursday, 8 Jun 2017 08:10am EDT 

June 8 (Reuters) - Athenahealth Inc :On june 8, 2017, company announced that it has entered into an agreement to acquire praxify technologies - sec filing.Athenahealth Inc - company expects to fund the transaction using cash on hand - sec filing‍​.Deal for an aggregate purchase price of up to approximately $63 million in cash.Athenahealth Inc - at closing of transaction, which is subject to customary conditions, praxify will become a wholly-owned subsidiary of company.  Full Article

Elliott Associates believes securities of athenahealth are undervalued
Thursday, 18 May 2017 08:49am EDT 

May 18 (Reuters) - Elliott Associates LP:Elliott Associates LP - as of May 8, Elliott, Elliott International & EICA have combined economic exposure in athenahealth of about 9.2% of shares of co outstanding.Elliott Associates says believe the securities of athenahealth Inc <<>> are significantly undervalued.Elliott Associates - believes that there are numerous operational and strategic opportunities for athenahealth Inc to maximize shareholder value.Elliott Associates says will be seeking to engage in a dialogue with athenahealth Inc's board of directors regarding the strategic opportunities and related matters.Elliott says athenahealth operates in highly strategic area with disruptive value proposition, eading competitive position and a compelling product set.  Full Article

T. Rowe Price Associates reports 10.2 pct passive stake in Athenahealth Inc - SEC filing
Wednesday, 10 May 2017 02:14pm EDT 

May 10 (Reuters) - T. Rowe Price Associates Inc::T. Rowe Price Associates Inc discloses 10.2 percent passive stake in Athenahealth Inc as of April 30, 2017 - SEC filing.  Full Article

Healthcare software provider Athenahealth to cut 9 percent of workforce

Athenahealth Inc , which is under pressure from activist investor Elliott Management, said it would reduce about 9 percent of its workforce as part of efforts to generate $100 million to $115 million in savings by the end of 2018.