athenahealth Appoints Marc Levine as Chief Financial Officer and Treasurer
November 27 2017 - 4:30PM
athenahealth, Inc. (NASDAQ:ATHN) a leading provider of
network-enabled services for hospital and ambulatory clients
nationwide, today announced that Marc A. Levine will join the
Company on December 15, 2017 as an Executive Vice President and
will become the Company’s Chief Financial Officer and Treasurer,
effective January 2, 2018. Mr. Levine brings nearly 30 years
of financial and operational expertise to athenahealth. John A.
“Jack” Kane will step down as Interim Chief Financial Officer as of
January 2, 2018, and will continue to serve as a member of the
Board of Directors of the Company.
“Marc is a proven executive and financial leader with a track
record of driving operational performance across complex, growing
organizations,” said Jonathan Bush, CEO, athenahealth. “We’re
confident his disciplined approach and passion to drive positive
transformation will equip athenahealth for ongoing profitable
growth as we forge into our next chapter of innovating for
healthcare.”
“athenahealth is in the midst of an exciting evolution, growing
within current and new markets, and transforming the way it
operates,” said Mr. Levine. “I’m excited to drive forward a new
level of financial leadership and rigor that will better position
the Company to execute on its inherent service and model
differentiation, expand upon the value it brings to current and
future clients, and enhance shareholder value.”
Mr. Levine most recently served as the executive vice president
and CFO of JDA Software Group, Inc. (“JDA”), a privately-held
supply chain provider of software and SaaS solutions, where he led
the company’s finance and accounting, legal, workplace, purchasing
and information technology activities. Prior to JDA, Mr.
Levine held several senior financial leadership roles over his
25-year career at Hewlett Packard Company, including senior vice
president and corporate controller, senior vice president of
finance and chief operating officer for HP’s Enterprise Services
Business segment, and general manager of Southeast Asia for HP’s
medical products business. Mr. Levine received his B.S. from Emory
University and his M.B.A. from the University of Connecticut School
of Management.
About athenahealth, Inc.
athenahealth partners with hospital and ambulatory clients to
drive clinical and financial results. We offer medical record,
revenue cycle, patient engagement, care coordination, and
population health services. We combine insights from our network of
106,000 providers and 102 million patients with deep industry
knowledge and perform administrative work at scale. For more
information, please visit www.athenahealth.com.
Forward-Looking Statements
This press release 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 management’s expectations
for future financial and operational performance, expected growth,
and business outlook; and statements regarding the announced
leadership transition. 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 actual results to differ materially from
those contemplated in these forward-looking statements. These risks
and uncertainties include: our highly competitive industry and our
ability to compete effectively and remain innovative; the
development of the market for cloud-based healthcare information
technology services; changes in the healthcare industry and their
impact on the demand for our services; our ability to maintain
consistently high growth rates due to lengthening customer sales
cycles; the impact of changes in our business model and structure;
our ability to successfully implement operational and leadership
transitions and initiatives; our ability to effectively manage our
growth; our ability to protect our intellectual property; current
and future litigation, including for intellectual property
infringement; our dependence on third-party providers; risks and
costs associated with our worldwide operations; our ability to
attract and retain highly-skilled employees; our fluctuating
operating results; our ability to retain our clients and maintain
client revenue; our tax liability; our variable sales and
implementation cycles; the timing at which we recognize certain
revenue and our ability to evaluate our prospects; defects and
errors in our software or services, or interruptions or damages to
our systems or those of third parties on which we rely; a data
security breach; limitations on our use of data; the effect of
payer and provider conduct; the failure of our services to provide
accurate and timely information; changing government regulation and
the costs and challenges of compliance; the potential for illegal
behavior by employees or subcontractors; and the price volatility
of our common stock. Forward-looking statements speak only as of
the date hereof and, except as required by law, we undertake no
obligation to update or revise these forward-looking statements.
For additional information regarding these and other risks faced by
us, refer to our public filings with the Securities and Exchange
Commission (“SEC”), available on the Investors section of our
website at www.athenahealth.com and on the SEC’s website at
www.sec.gov.
Contact Info:Dana Quattrochiathenahealth, Inc.
(Investors)investorrelations@athenahealth.com617-402-1329
Holly Springathenahealth, Inc.
(Media)media@athenahealth.com617-402-1631
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