Video: Who Buys athenahealth?

Our out of consensus view holds that the likely acquirer of athenahealth (ATHN) is IBM (IBM) or Roche (RHHBY). In our view, the likely acquirer of athena must have some underlying impetus to pay a significant premium for the asset. Amazon's (AMZN) recent acquisition of PillPack illustrates why we believe the hyperscale cloud players are not in the market to pay a significant price for an HCIT asset. Remember, hyperscale companies are not in the business of turnarounds and buying assets in challenged verticals (HCIT, specifically the EHR market). For additional thoughts, check out our article on who buys athenahealth.