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AthenaHealth Prices IPO

AthenaHealth Inc., a Watertown, Mass.-based provider of online business services for physician practices, has raised approximately $113.16 million via its IPO. The company priced around 6.29 million common shares at $18 per share ($14-$16 range), and has an initial market value of $568.81 million. It will trade on the Nasdaq under ticker symbol ATHN, while Goldman Sachs and Merrill Lynch served as co-lead underwriters.

 

AthenaHealth had raised nearly $50 million in venture capital funding since its 1997 inception, from firms like Oak Investment Partners, Venrock, Draper Fisher Jurvetson and Cardinal Partners. www.athenahealth.com