athenahealth, Inc. ATHN, a leading provider of cloud-based
electronic health record (EHR), practice management, and care coordination
services to medical groups and health systems, today announced that it has
signed a purchase and sale agreement with Harvard University to acquire the
Watertown “Arsenal on the Charles,” an expansive, 29 acre, multi-building,
commercial property situated on the Charles River less than 10 miles outside
of downtown Boston. The purchase is expected to close in Q2 of 2013, subject
to the satisfactory completion of due diligence by athenahealth.
The “Arsenal on the Charles,” a designated historic site with buildings that
date back more than 200 years, has been home to athenahealth's headquarters
since 2005. athenahealth is one of many companies currently located in the 11
buildings, which account for approximately 760,000 square feet across the real
estate complex. Through this purchase athenahealth seeks to gain the
additional flexibility and space needed to help accelerate the company's
growth in Massachusetts and across the health care industry.
“The Arsenal on the Charles' open and expansive architecture, outdoor campus
feel, and proximity to Boston really fit with our culture and made it the
logical place for us to expand. We are excited to deepen our roots in
Massachusetts, and continue our growth as an engaged, corporate citizen of
Watertown,” said Jonathan Bush, chairman and CEO of athenahealth. “I'm
particularly excited by the rich history of the Arsenal. We at athenahealth
have always fancied ourselves agents in a larger mission than merely growing a
company. We believe the emergence of the cloud in the delivery of health care
will have a revolutionary impact on its cost and quality, just the way the
first industrial revolution did on manufactured goods two hundred years ago.
The fact that we are able to own and in fact headquarter ourselves in the very
same buildings from which that first industrial revolution rose, is truly
inspiring to all of us.”
Steve Cook of Avison Young represents athenahealth, Inc. in the purchase of
the “Arsenal on the Charles;” he can be reached at 617-250-7609.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in