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AthenaHealth Pulls Offering

AthenaHealth Inc. (Nasdaq: ATHN), a Watertown, Mass.-based provider of online business services for physician practices, has withdrawn registration for a secondary public offering of around 3.11 million common shares, due to “market conditions.”

 

Selling shareholders were to include Oak Investment Partners (1.1m) and Cardinal Partners (473k). Both firms would have retained ownership stakes following the sale. Fellow venture backers Venrock and DFJ were not planning to sell shares via the offering. www.athenahealth.com