Kirkland Advises Hellman & Friedman and Bain Capital in $17 Billion Acquisition of athenahealth

Kirkland & Ellis represents Bain Capital and Hellman & Friedman in their definitive agreement announced today to jointly acquire athenahealth, Inc., a leading provider of cloud-based enterprise software solutions for medical groups and health systems nationwide, for $17 billion. In addition to Hellman & Friedman, Bain Capital Private Equity, and Bain Capital Tech Opportunities, the investor group includes Veritas Capital and Evergreen Coast Capital, who will each retain a minority investment in athenahealth, as well as other new co-investors, including GIC, Singapore’s sovereign wealth fund, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The investment is expected to be completed in the first quarter of 2022.

Read athenahealth’s press release

The Kirkland team was led by corporate partners Matthew O’Brien and Chris Elder along with corporate associates Zoe Quick and Ben Vizvary; debt finance partners Melissa Hutson, David Nemecek, Yuli Wang and Austin Glassman and associate Ashley Martin; capital markets partners Sophia Hudson and Julia Danforth; tax partners Mike Carew and Christine Lehman; corporate partners Rick Campbell, Jeff Richards and Abhishek Kolay; technology & IP transactions partners Gianni Cutri, Vlad Khodosh and Jeffrey Seroogy; employee benefits partner Alexandra Mihalas and associate Emily Morrison; employment and labor partners Richard Kidd and Madeline Klebanov; executive compensation partner Scott Price and associate Deidre Kalenderian; environmental transactions partner Toby Chun and associate Carter Vella; real estate partner Rob Miceli and associate Seth Berliner; international trade and national security partners Ivan Schlager, Nathan Mitchell, Daniel Gerkin and Nick Niles; antitrust partners Jim Mutchnik, Peter McCormack, Paula Riedel and Annie Herdman; and ESG & impact partners Alexandra Farmer and Sara Orr and associate Maddy Foote.