Home » Distributor PSS World Sells Some of athenahealth Holdings
Distributor PSS World Sells Some of athenahealth Holdings
March 28, 2008
PSS World Medical, Inc., Jacksonville, FL, has sold a portion of its shares of athenahealth, Inc., a provider of Internet-based healthcare information technology and business services to physician practices. The company had purchased approximately 1.5 million shares of athenahealth, Inc. prior to its initial public offering in September 2007.
David A. Smith, Chairman and Chief Executive Officer of PSS World Medical, Inc., said: The athenahealth product is a great fit for our customers, especially in this era of declining physician incomes. We invested several million dollars in training, education, and rollout for this long-term relationship that is now offset by the partial monetization of our stock holdings. We are looking forward to a very good year with athenahealth and additional value solutions for our customers."
PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units.