Athenahealth soars on Ascension deal

Athenahealth CEO and president Jonathan Bush.
Athenahealth CEO and president Jonathan Bush.Pat Greenhouse/Globe staff

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Watertown-based athenahealth Inc. soared after the company srruck a deal with Clinical Holdings Corp., a physicians services business of Ascension Health Alliance, to provide the health-care system with its Internet-based software for physicians. The deal represents a “huge enterprise win” for athenahealth and boosts the company’s 2014 growth outlook, said William Blair’s Ryan Daniels in a note to clients. The accord may be worth $42 million in revenue for the athenahealth, one Leerink Swann analyst said. Clinical Holdings will use athenahealth’s cloud service with its 4,000 providers and affiliates, athenahealth said in documents filed with the Securities and Exchange Commission.

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