ATHN, athenahealth, Inc.
EPOC, Epocrates, Inc.** ATHN reported that it has signed a definitive agreement to acquire EPOC , a mobile health pioneer widely recognized for developing the most-widely adopted point-of-care medical application among U.S. physicians.The board of directors of each of ATHN and EPOC has agreed to a price of $11.75 per share, in cash, for an aggregate purchase price of approximately $293 million. The purchase price represents a 22 percent premium over the closing price per share of Epocrates on NASDAQ on Friday, January 4, 2013.This is an all-cash offer for all outstanding shares of EPOC ’s common stock, and ATHN intends to finance this acquisition using available cash and funds available from its existing credit facility.The closing of the transaction is subject to the approval of EPOC shareholders and other customary closing conditions and is currently expected to occur early in the second quarter of 2013. EPOC shareholders representing approximately 17.5% of the outstanding common stock have agreed to vote their shares in favor of the transaction.
EPOC is recognized for developing the #1 medical application among U.S. physicians for clinical content, practice tools, and health industry engagement at the point of care.More about EPOC at
www.epocrates.com/company .
ATHN is a leading provider of cloud-based Best in KLAS electronic health record (EHR), practice management, and care coordination services to medical groups and health systems.More about ATHN at
www.athenahealth.com ********* Read Full Disclaimer at
http://bestotc.com/disclaimer http://bestotc.com/20625/stock-alerts/athenahealth-athn-to-acquire-mobile-health-leader-epocrates-epoc/