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Print Edition StoriesFriday, February 22, 2008
AthenaHealth caps buy of former Maine MBNA site
AthenaHealth Inc., a provider of web-based software for physician offices, reports it has completed its $6.1 million purchase of a facility in Belfast, Maine.
The Watertown-based health-care IT firm plans to use the 189,000-square-foot building to house its second services operation as it looks to expand its network of client physicians. AthenaHealth (Nasdaq: ATHN) announced the purchase of the building, a former MBNA facility, in November 2007.
Jonathan Bush, cousin of President George W. Bush, founded AthenaHealth in 1997 and serves as its chairman and CEO. The company's software provides billing and practice management services for physicians as well as electronic medical records.
Last year, AthenaHealth raised $81 million in an initial public offering, one of the most successful IPOs of 2007. The firm reported a 2006 net loss of $9.2 million, on revenue of $75.8 million. Its plans are to report fourth-quarter 2007 and year-end 2007 financial results on Wednesday, March 5.
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