Hellman & Friedman and Bain Capital Acquire athenahealth for $17 Billion

Veritas Capital and Evergreen Coast Capital Acquire athenahealth

February 11, 2019

Healthcare Services

An affiliate of Veritas Capital and Evergreen Coast Capital (Elliott affiliate) completed the acquisition of athenahealth, Inc. for approximately $5.7 billion in cash. The deal combines athenahealth with Veritas-owned Virence Health under the athenahealth brand, creating a larger healthcare IT provider headquartered in Watertown, Massachusetts, led by Bob Segert.

Hellman & Friedman Acquires Majority Stake in Enverus from Genstar Capital

April 13, 2021

Cloud & SaaS

Hellman & Friedman (H&F) has acquired a majority ownership stake in Enverus from Genstar Capital, with Genstar remaining a significant minority shareholder. The transaction values Enverus at $4.25 billion including assumed debt and is intended to accelerate Enverus' growth in SaaS, predictive analytics, AI/ML and expansion into renewable energy, power and ESG capabilities.

Hale Capital Partners Acquires Majority Stake in Athenium

November 6, 2024

Software

Hale Capital Partners, a New York-based growth private equity firm, led a cooperative recapitalization to acquire a majority stake in Athenium, a Dover, New Hampshire provider of risk and quality management software. The investment brings in Jim Greenwell as CEO and will support product development, AI/analytics capabilities and expansion into new verticals including insurance, financial services and government.

Bain Capital Private Equity Acquires Guidehouse from Veritas Capital

December 14, 2023

Consulting

Bain Capital Private Equity completed the acquisition of Guidehouse from Veritas Capital for $5.3 billion. Guidehouse, a McLean, Virginia–headquartered consulting and managed services firm with more than 17,000 professionals, will continue to be led by CEO Scott McIntyre as it pursues further organic and inorganic growth under Bain.

Gainwell Technologies (Veritas) Acquires HMS Holdings Corp.

April 1, 2021

Healthcare Services

Veritas Capital-backed Gainwell Technologies completed the acquisition of HMS Holdings Corp. for $37.00 per share, taking HMS private and delisting its shares from Nasdaq. Veritas will align HMS capabilities across Gainwell (Medicaid/state-focused solutions) and Veritas-backed Cotiviti (commercial, Medicare and federal-focused solutions) to expand payment integrity, analytics and Medicaid administration offerings.

Bain Capital to Acquire HealthEdge from Blackstone Funds

April 8, 2025

Cloud & SaaS

Bain Capital's Private Equity team has agreed to acquire HealthEdge, a Burlington, Massachusetts–based healthcare SaaS platform, from funds managed by Blackstone. Financial terms were not disclosed; the transaction is expected to close in Q2 2025 and positions Bain to accelerate HealthEdge's product growth and GenAI enablement for health plans.