Milbank LLP advised Veritas Capital, a longstanding investor in companies operating at the intersection of technology and government, and athenahealth, a leading provider of cloud-based enterprise software solutions for medical groups and health systems nationwide, in connection with its sale of athenahealth to Hellman & Friedman and Bain Capital for $17 billion.
In addition to Hellman & Friedman, Bain Capital Private Equity, and Bain Capital Tech Opportunities, the investor group includes Veritas Capital and Evergreen Coast Capital, which will each retain a minority investment in athenahealth, as well as other new co-investors.
The Milbank deal team was led by Global Corporate partner Richard Presutti, along with associates Lowell Dyer and Bianca Prikazsky. The team also included Global Capital Markets partner Antonio Diaz-Albertini, Executive Compensation and Employee Benefits partner Mike Shah and Tax partner Max Goodman.
