Healthcare: Will Athenahealth Be the Next Big Healthcare Deal?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 9 May 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
Activist investors are offering to buy the health records company, but visionary CEO Jonathan Bush might not want to sell. Also, Shire gives the thumbs up to Takeda and patience pays off for Portola Pharmaceuticals investors.
Transcript
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| 0:18.3 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:25.0 | We're talking health care today, May 9th. I'm your host Christine Hargis, and I have the wonderful health care writer Todd Campbell on the phone with me. |
| 0:32.0 | Todd, I hope you had some |
| 0:34.1 | coffee and some breakfast this morning because we have a lot to cover today. |
| 0:37.6 | We sure do we get some really interesting M&A news to cover don't we Christine? |
| 0:42.1 | Yeah actually a lot of this is directly. mnay news to cover, don't we, Christine? |
| 0:42.6 | Yeah, actually a lot of this is directly tied to mnn a. |
| 0:46.7 | We have one big long story to talk about, |
| 0:49.6 | and then after we take a quick break, |
| 0:51.0 | we'll talk about two other hopefully shorter stories. |
| 0:54.2 | So first up activist investment firm Elliot management made an all-cash offer to buy Athena |
| 1:00.4 | Health, which is a software provider for the health care industry, for about $7 billion or |
| 1:06.7 | a $160 per share offering. |
| 1:10.7 | This news came out on Monday morning and the stock rose to about $146 per share by the end of the day, which was a nice 16% pop, but notably not quite a pop all the way to that 160 offering level. |
| 1:23.8 | What's going on here? |
| 1:25.3 | It's interesting too because that's a cash deal. |
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