June 6, 2018 / 1:10 PM / in 2 months

Athenahealth says CEO steps down; considers selling itself

June 6 (Reuters) - Athenahealth Inc said on Wednesday Chief Executive Officer Jonathan Bush had stepped down and the company would explore strategic options, including selling itself.

The healthcare software maker said it was in talks with third parties regarding a potential business combination and that the board initiated a process to replace Bush.

Elliott Management in May proposed an offer of $160 per share in cash for the company, valuing it at about $6.9 billion. (Reporting by Manas Mishra in Bengaluru Editing by Saumyadeb Chakrabarty)

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