Corporate raiders have arrived. Veritas Capital and Elliott Management agreed to buy Athenahealth for more than $5 billion, and that will trigger “cost saving” measures
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Veritas just bought GE Healthcare's Value-Based Care division, which has the GE rev cycle, Ambulatory EMR, and workforce management products. Veritas has no need for two sets of products that do exactly the same thing, so can bet your job that there will be consolidation of the product lines, where possible. Expect some products will go end-of-life and layoffs where there can be no consolidation, or they are not otherwise interested in retaining.
My bet is that the AthenaHealth products largely win out because they are already cloud-based and GE has never gotten their cloud act (not to mention software development) together. GE's products have HORRIBLE customer satisfaction ratings and numerous product quality issues.
Elliott obviously has a reputation, but I have not seen much information on Veritas, and whether they are as heavy handed as Elliot. Anyone have some insight in to what Veritas likes to do when they buy a company?
I bet they start with the hospital space that still is not fully to market - is there any reason to continue down that path or should I be looking for a new job?