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Bob Segert sees the company as viable for a public offering after three years of its life as a private entity. Meanwhile, athenahealth announced a new clinical advisory board this week to tackle provider burnout and other EHR documentation challenges.

The $17 billion deal marks the second time the cloud health IT vendor has been acquired in the past three years.

After a challenging few years marked (to put it mildly) by "lots of change," the chief executive describes athena's goals for product integration, SaaS innovation and client service now that its new leadership team is in place.

Francisco Partners says it will be able to give resources to help the developer of laboratory information systems and point-of-care testing technology innovate its product offerings.

As the cloud IT company continues its post-acquisition merger with Virence Health, the consolidation means job losses for some 200 employees.

The investment firm says it will combine athenahealth with Virence.

CEO Dan Burton explains what the billion-dollar mark means to the company and the industry, where its technology is headed – and where it stands on an IPO.

Athenahealth has received multiple bids, according to CNBC.