Next in line in hot physician specialties: urology
Good morning!
Well, that came fast. We in New York are apparently getting our first snowfall, which means I can no longer avoid looking like a marshmallow in my puffer coat. On the other hand, it also means ski season is just around the corner!
In the meantime, we’re having our Thanksgiving party at Buyouts this afternoon, so there will probably be holiday tunes blasting on the office speaker in a few hours. Oh boy. Good thing I got the newsletter out first.
Dominating headlines again this week: AthenaHealth. Veritas Capital and Paul Singer’s Elliott Management came to agreement on a $5.7 billion deal for the electronic health record company, which will combine with the bucket of healthcare IT assets the sponsor bought from GE Healthcare earlier this year for more than $1 billion.
It’s the end of a saga, and a contentious one, to say the least.
ICYMI, The New Yorker back in August wrote a fascinating story that provided a behind-the-scenes look at Elliott’s campaign against Athena. It’s worth reading.
And while the battle over AthenaHealth is over, like most megamergers, it ought to fuel further consolidation in the EHR market. Who’s keeping tabs on AllScripts? What will Bain’s Waystar do next? Let me know at springle@buyoutsinsider.com.
The first snowfall in urology
In other news … It’s TBD whether urology will be the next physician specialty to which private equity flocks, but there’s certainly activity brewing.
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