Epocrates Customer Letter November 2018
athenahealth Agreement Announcement
I have some exciting and important news to share
with you as a valued Epocrates customer.
On Monday, November 12, 2018, with the unanimous approval of our Board of Directors, we announced an
agreement under which athenahealth will be acquired by an affiliate of Veritas Capital and Evergreen Coast Capital for $135 per share in cash, in a transaction valued at approximately $5.7 billion. We are confident this planned transaction and
new direction will give us the flexibility and focus to drive long-term success and value for our customers.
Following the closing of the transaction,
expected to occur in the first quarter of 2019, Veritas and Evergreen plan to combine athenahealth with Virence Health, the GE Healthcare Value-Based Care assets that Veritas acquired earlier this year. This combined organization will operate under
the athenahealth brand and be headquartered in Watertown, Mass. It will be led by Virence chairman and chief executive officer, Bob Segert, and a leadership team comprised of executives from both companies.
The combined business is expected to be a leading, privately-held healthcare information technology company with an extensive national provider network and
the world-class products and solutions to help our customers thrive in an increasingly complex environment. Operating as a private company with Veritass ownership and support will provide athenahealth with increased flexibility, sharpened
focus, greater efficiency, and the ability to better deliver on our commitment to your success.
Excited as we are about embarking on this next chapter of
our companys history, please know that the Epocrates team is operating business as usual. Your contacts remain the same, all contracts are continuing as normal, and well be here supporting our customers
needs with the same focus and commitment to service as we always have. Our mission and dedication to our customers and to innovation are as strong as ever. We plan
to continue to develop the valuable tools Epocrates providers trust as we grow our network of providers, thus expanding our pharma partners reach and influence in healthcares digital ecosystem. Operating as a combined private
company, we will be servicing the largest and most comprehensive network of healthcare providers.
Thank you for your partnership and as always, if you
have any questions, please reach out to me.
[Name of Sales Executive or Account Manager]
This document contains
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding managements expectations to
advance value creation across the athenahealth business and to become healthcares first platform company; statements regarding managements expectations for future financial and operational performance, expected growth, positioning in the
market, and business outlook; statements regarding managements focus on the execution of our strategic plan and expected outcomes, including anticipated cost savings, increased efficiencies, streamlined workflow, margin improvements, and
improvements in employee engagement; statements regarding recently announced changes to the Companys leadership and governance structure and expected outcomes. Forward-looking statements may be identified with words such as will,
may, expect, plan, anticipate, upcoming, believe, estimate, or similar terminology, and the negative of these terms. Forward-looking statements are not promises or
guarantees of future performance, and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause
© 2018 athenahealth, Inc.
Rev 1 - Page 1 of 2