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DIGITAL HEALTH BRIEFING: Athenahealth gets $7B bid — Teladoc taps mental health space for growth — US health system rolls out routine genomic testing

by Carmelo Delany (2018-07-06)


This isn't the first time Elliot has approached Athenahealth. The hedge fund acquired a 9% stake in Athenahealth in 2017 and sought to talk deals, which the EHR company rebuffed. This time around, however, Athenahealth is reviewing the proposal. Here's why it could make sense for Athenahealth to leverage the opportunity:

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In Cuba last year, the US disclosed that 24 diplomats and their family members had fallen victim to an unsolved mysterious attack that left them with injuries resembling brain trauma. Ten Canadian diplomats and their relatives also suffered a strange illness.

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Improving early detection could help control the 86% of US healthcare expenditures allocated to chronic health conditions. Moreover, the move could also raise awareness of clinical genomic testing, which has been overshadowed by direct-to-consumer tests from companies like 23andMe. These clinical programs have a greater focus on genetic results than the consumer-based offerings, which often target users' ancestry over highlighting potential disease risks, and could have a better chance at unleashing the potential of genetic testing to help reveal chronic illnesses before they become larger problems. "Whether it's identifying health risks for individuals, discovering a rare or misunderstood disease, or identifying a disease in a young child ... clinical genomics has literally saved lives," Amir Trabelsi, CEO of clinical genomics company Genoox, recently told Business Insider Intelligence.

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