
Bain Capital and Hellman & Friedman Private Equity Firms Lead the Way.
Bain Capital is one of the largest private equity firms in the world, with over $105 billion in assets under management.
These two firms have a long history of successful investments, with Bain Capital dating back to 1984 and Hellman & Friedman founded in 1984 as well.
Their expertise in investing in growth-stage companies has enabled them to generate impressive returns for their investors.
One notable example of their success is the $1.9 billion sale of Dunkin' Brands to Inspire Brands in 2020, a deal that was led by Bain Capital.
Private Equity Firms
Hellman & Friedman and Bain Capital are the two private equity firms that jointly acquired athenahealth for $17 billion.
These firms have a deep experience in software and healthcare, which they believe will help them scale the business and continue to innovate and grow.
Their investment was expected to be completed in the first quarter of 2022, marking a significant milestone for the company.
Despite the company's past challenges, including layoffs and an activist investor campaign, the new owners are optimistic about its future growth.
Allen Thorpe, a partner at Hellman & Friedman, expressed his excitement about working with Bob and the executive team to rapidly scale the business.
Acquisitions
Bain Capital and Hellman & Friedman have a track record of successful acquisitions, including the joint purchase of athenahealth for $17 billion. This deal is expected to be completed in the first quarter of 2022.
The acquisition of athenahealth marks a significant investment in the healthcare industry, with the company offering electronic health record and physician practice tools. The new owners, Bain Capital and Hellman & Friedman, are optimistic about the company's future growth.
Allen Thorpe, a partner at Hellman & Friedman, expressed enthusiasm for the acquisition, stating that the firm is excited to work with athenahealth's executive team to rapidly scale the business and continue to innovate and grow.
Athenahealth Acquisition
Athenahealth was bought by private equity firms Hellman & Friedman and Bain Capital for $17 billion.
The acquisition was announced in 2021 and was expected to be completed in the first quarter of 2022.
Athenahealth had previously faced challenges, including an activist investor campaign from Elliott Management and layoffs of 9% of its workforce.

The company's new owners, Hellman & Friedman and Bain Capital, expressed optimism for its future growth.
Allen Thorpe, a partner at Hellman & Friedman, stated that the company is excited to work with Athenahealth's executive team to rapidly scale the business and continue to innovate and grow.
Athenahealth offers electronic health record and physician practice tools, which it will continue to develop and improve under its new ownership.
Securitas Direct Acquisition
Securitas Direct was acquired by Securitas AB, a Swedish security services company, in 2009.
The acquisition was a strategic move to expand Securitas AB's presence in the Spanish security market.
Securitas Direct has since become a key player in the Spanish security industry, offering a range of services including alarm monitoring and security personnel.
Frequently Asked Questions
Did Bain invest in athenahealth?
Yes, Bain Capital was involved in the acquisition of athenahealth, partnering with Hellman & Friedman to purchase the company from its previous owners.
What is the difference between Bain Capital and Bain and Company?
Bain Capital focuses on private equity, venture capital, and credit, whereas Bain and Company advises businesses on strategy, operations, and organization. Understanding the distinction between these two entities is key to grasping their unique roles in the business world.
Who is Athena health owned by?
Athenahealth is owned by Bain Capital and Hellman & Friedman, following a $17 billion acquisition in February 2022. Learn more about Athenahealth's history and current status.
Sources
- https://hf.com/bain-capital-and-hellman-friedman-announce-acquisition-of-securitas-direct/
- https://financialpost.com/pmn/business-pmn/athenahealth-to-be-bought-by-bain-capital-hellman-for-17-bln
- https://www.healthcareitnews.com/news/athenahealth-bought-private-equity-firms-hellman-friedman-bain-capital
- https://www.kirkland.com/news/press-release/2021/11/kirkland-advises-hf-and-bain-on-athenahealth
- https://hf.com/hellman-friedman-acquires-controlling-interest-in-securitas-direct-verisure-group/
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