Company Expects to Create More Than 1,000 Jobs in Core Health and Technology Geographies by 2017
WATERTOWN, Mass., Sept. 22, 2014 (GLOBE NEWSWIRE) -- athenahealth, Inc.(Nasdaq:ATHN), a leading provider of cloud-based services and mobile tools for medical groups and health systems, today announced new office openings in Atlanta, Georgia, and San Francisco, California. As part of athenahealth's national growth strategy, the company is increasing its foothold in major health care and technology markets to meet the diverse needs of its growing client base.
athenahealth has more than 3,300 employees and is headquartered in Watertown, Massachusetts with additional offices in Belfast, Maine; Princeton, New Jersey; Durham, North Carolina; Austin, Texas; and Chennai, India.
As part of the expansion, athenahealth has redeveloped and outfitted approximately 75,000-square-feet of office space in Ponce City Market, formerly the historic Sears, Roebuck and Co. building, in Atlanta's famous Old Fourth Ward. The loft office space is part of an adaptive reuse project that will revitalize the area. At the heart is a marketplace, expected to be completed in 2015, that will feature an artisan-inspired food hall and market, shops, as well as residential apartments. Over the next three years, athenahealth plans to draw on the city's strong talent pool to fill 600 positions in operations, sales, and client services.
On the west coast, athenahealth will make its home at 50 Hawthorne, a 56,000-square-foot, three-floor modern building in downtown San Francisco's South of Market (SOMA) district. As one of the company's creative hubs, it will house user experience designers, developers, and project managers with a focus on mobile innovation.
"Ponce City Market and 50 Hawthorne both embody all things athenahealth, and also reflect the feel and vibrancy of each city," said Kristi Matus, chief financial and administrative officer, athenahealth. "As we work to connect care and drive meaningful and measurable results for our growing network of clients, we are expanding our national foothold to meet their needs. Our people are our most precious resource. Selecting strategic sites in key urban markets across the country opens up possibilities and helps us attract exciting new talent and resources, as well as affords us opportunities to host more prospects and clients."
In March of this year, athenahealth also announced its intentions to redevelop Austin's Seaholm Power Plant, which will serve as the company's flagship research and development (R&D) hub. By 2024, athenahealth plans to bring approximately 800 software development and R&D jobs to Austin, Texas. Renovation of the Seaholm Power Plant is scheduled to be completed this November.
About athenahealth, Inc.
athenahealth is a leading provider of cloud-based services for electronic health records (EHR), revenue cycle management and medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other point-of-care mobile apps. We connect care and drive meaningful, measurable results for more than 55,000 health care providers in medical practices and health systems nationwide. For more information, please visit www.athenahealth.com.
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 anticipated hiring rates and construction project timelines. 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.
CONTACT: Jillian Palash
athenahealth, Inc. (Media)
athenahealth, Inc. (Investors)