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AthenaHealth Pays 30 Million for Business Intelligence Anodyne Health Software

Posted Oct 05 2009 10:01pm

We keep seeing more business intelligence software working it’s way into healthcare.  Anodyne is a software as a service web application that will be image free standing on it’s own and will also be integrated with Athena software for the numbers and data algorithmic analysis processes.  Anodyne already has their own base of providers of around 14k according to the post.  BD

Athenahealth Inc. agreed to spend up to $30 million acquiring software-as-a-service provider Anodyne Health Partners Inc.

The Watertown, Mass.-based electronic medical records provider said it will pay $22.3 million in cash up front and up to $7.7 million more, contingent to the achievement of financial milestones, for Alpharetta, Ga.-based Anodyne.

Athenahealth chairman and CEO Jonathan Bush said his firm made the deal because it believes Anodyne's platform is the industry's best web-based offering and offers the best chance to enhance Athenahealth's existing offerings.

Anodyne will operate as a separate unit of Athenahealth under its own brand, marketing its BI solution on a stand-alone basis. The platform will also be integrated into Athenahealth's AthenaCollector product.

AthenaHealth agrees to pay up to $30 million for Anodyne Health Partners | MassDevice - News

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