Athenahealth, Inc., a leading provider of cloud-based enterprise software solutions for physician groups and health systems across the country, said that it has reached a formal deal to be bought for $17 billion by affiliates of Bain Capital and Hellman & Friedman. Athenahealth’s position as the largest and most innovative provider of cloud-based electronic medical records and physician practice solutions across the healthcare continuum in the United States has been cemented by the purchase from Veritas Capital and Evergreen Coast Capital. “Today marks a significant milestone for Athenahealth and our partnership with Veritas Capital and Evergreen Coast Capital, and we are thrilled to work with Hellman & Friedman and Bain Capital to drive the next phase of our growth journey”, said Bob Segert, chairman and chief executive officer of Athenahealth.

Source: Business Wire

Stephen Tahta, MD, will succeed Ron Dewsnup as president and general manager of Allegiance Benefit Plan Management, Inc., the firm announced recently. The change will take effect on January 7, 2022. Dr. Tahta joined Allegiance as its chief medical officer in 2018. Dr. Tahta earned an Executive Master of Business Administration from the University of Pennsylvania’s Wharton School. “I look forward to working with Dr. Tahta in his new role and continuing to expand Allegiance and serve our clients and their employees around the nation,” said Dirk Visser, chairman, and CEO of Allegiance.

Source: Cigna

Humana Inc. and Allina Health are expanding their existing partnership to focus on value-based care for Humana’s Minnesota Medicare Advantage subscribers. Humana’s longstanding commitment to value-based care is reflected in this multi-year agreement, which goes into effect on Jan. 1, 2022. “This value-based agreement for Humana Medicare Advantage members is an important part of helping our members achieve their best health,” Chuck Dow, VP, Humana’s Medicare Regional President for Minnesota. “We’re excited to share with Allina Health a strong commitment to providing quality care while improving patient health outcomes in Minnesota.”

Source: Humana