|athenahealth Grows National Footprint With Expansion in Austin, TX; Celebrates Health Care Innovation at SXSW Interactive|
WATERTOWN, Mass., March 6, 2014 (GLOBE NEWSWIRE) -- athenahealth, Inc.(Nasdaq:ATHN), a leading provider of cloud-based services for electronic health record (EHR), practice management, and care coordination, today formally announced plans to expand in Austin, Texas. As part of the expansion, athenahealth will redevelop an approximately 110,000-square-foot space located at the iconic Seaholm Power Plant in Austin's downtown. The redevelopment, expected to be completed in mid-2014, will include new restaurant space, a coffee shop, and indoor and outdoor public space, as well as four floors of open, creative office space.
The Austin expansion is part of athenahealth's national growth strategy and will enable the company to better serve its growing national client base across health care. Over the next ten years, the company plans to add approximately 600 software development and research and development (R&D) jobs in Austin, as well as invest approximately $13 million to support the office's expansion and its growing team of employees. The newly expanded office will serve as a flagship R&D site, housing high-caliber developers, user experience designers, and project managers who have a desire and competency to improve health care through innovation.
"As we work to pursue our vision to become the nation's health information backbone, we are expanding in markets across the country," said Leslie Brunner, senior vice president of people and process, athenahealth. "Putting a stake in the ground in Austin is a logical and inspiring choice. Austin offers athenahealth everything it could ask for in a city—it's among the top tech hubs in the country, provides an unrivaled culture of innovation and creativity, and is home to some of the best talent that health care and technology have to offer. We look forward to growing our presence in Austin and paving the way for more disruptive innovation that will help health care work as it should."
athenahealth will be participating in the Tech Career Expo at Fogo de Chao in Austin on Saturday, March 8, and Sunday, March 9, from 11am-4pm CT. For more information about the expo, please visit http://techcareerexpo.com. To learn more about career opportunities at athenahealth, please visit www.athenahealth.com/careers/.
Celebrating Innovation at SXSW Interactive Festival 2014
The company also today announced its participation in the South by Southwest (SXSW) Interactive Festival in Austin, one of the largest incubators of cutting-edge technologies and a breeding ground for new ideas and interactive creativity.
athenahealth's More Disruption Please (MDP) team will be on site at SXSW from Friday, March 7, through Tuesday, March 11, at the Circus Mashimus lounge—sponsored by Mashery—to demonstrate several partners' latest application programming interface (API) innovations. MDP is athenahealth's partnership and innovation program aimed at launching a massive surge of disruptive innovation in health care.
In addition, Abbe Don, vice president of user experience at Epocrates, an athenahealth service, will be hosting a conversation at SXSW, entitled, "Healing Healthcare with UX Design." In her conversation, Ms. Don will share her methodology for how to 'design the right thing and design the thing right'; she will show how to use design thinking to transform health care. The conversation will be held on Sunday, March 9, from 5-6pm CT at the Hilton Austin in Room 616AB.
To learn more about athenahealth's More Disruption Please program, stop by Mashery's Circus Mashimus lounge located in Room 3 in the Austin Convention Center during SXSW Interactive or visit the More Disruption Please section of athenahealth's website. For more information about athenahealth, Epocrates, and their products and innovations, please visit: www.athenahealth.com/innovation.
About athenahealth, Inc.
athenahealth is a leading provider of cloud-based services for electronic health record (EHR), practice management, and care coordination. athenahealth's mission is to be caregivers' most trusted service, helping them do well doing the right thing. For more information, please visit www.athenahealth.com.
About Epocrates, Inc.
Epocrates, Inc., an athenahealth company, is recognized for developing the #1 medical application among U.S. physicians for clinical content, practice tools, and health industry engagement at the point of care. Epocrates has established a loyal network of more than one million health care professionals, including 50 percent of U.S. physicians, who routinely use its intuitive solutions to help streamline workflow and improve patient care. For more information, please visit www.epocrates.com/company.
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated growth of athenahealth and its investment in its expansion. These statements are neither promises nor guarantees, and are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. athenahealth undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances, or otherwise. For additional disclosure regarding these and other risks faced by athenahealth, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.athenahealth.com and on the SEC's website at http://www.sec.gov.
Holly Spring athenahealth, Inc. (Media) 617-402-1631 Dana Quattrochi athenahealth, Inc. (Investors) 617-402-1329 April Marks Epocrates, Inc. (Media) 650-520-2413