Management CV Releases Updated Report on athenahealth

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Management CV releases updated report on athenahealth.

Management CV

Management CV

Athena’s management team has consistently talked a better game than they’ve delivered.

Following on David Einhorn’s negative comments about Athenahealth CEO Jonathan Bush (1st cousin of George “W” Bush) at the Sohn Investment Conference this week, Management CV released an updated management diligence report on the CEO and Athenahealth's senior team (report). Similar to earlier reports, the management analysis is indicative of the concerns voiced by Einhorn, who heads Greenlight Capital. Management CV’s report says, “Right place, right time effects have made Athenahealth a momentum play in Healthcare despite frequent big EPS misses, the result of expenses rising much faster than revenues. CFO Tim Adams is leaving Athenahealth at the end of this month after just 4 years in the role, and we worry operating costs will continue to escalate. Karl Stubelis (48) was appointed acting CFO in May, replacing Adams (who is leaving to become CFO of Demandware)."    

The Management CV report on Athena is available (report). John Delta, research director at Management CV said, “We feel Athena’s management team has consistently talked a better game than they’ve delivered.” The Athena management profile published today also notes that the Company acquired a waterfront Maine estate comprising 396 acres as a conference center.

Management CV provides institutional investors with concise one page due diligence reports on public company management teams. The firm covers North American and EU equities and counts many of the world’s largest and most sophisticated investors as its clients. Investors can use Management CV's quintile ranks and expert analyst commentary to dramatically improve relative returns and reduce portfolio risk.

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Ben Wright
Management CV
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