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Stock Market & Financial Investment News

News Breaks
January 16, 2013
13:42 EDTATHN, EPOCEpocrates discloses class action shareholders suit relating to athenahealth deal
In a regulatory filing, Epocrates disclosed that on January 11, Stephen Bushansky filed a class action lawsuit in the Superior Court of the State of California, County of San Mateo, purportedly on behalf of the stockholders of Epocrates, against Epocrates and its directors, alleging, among other things, Epocrates’ directors breached their fiduciary duties to the stockholders of Epocrates in connection with the proposed merger of Epocrates with athenahealth (ATHN). The complaint seeks, among other things, to enjoin the defendants from completing the merger as currently contemplated. Epocrates and its directors intend to take all appropriate actions to defend the suit. It is possible that additional similar complaints may be filed in the future. If this does occur, Epocrates does not intend to announce the filing of any similar complaints.
News For EPOC;ATHN From The Last 14 Days
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June 30, 2015
08:35 EDTATHNathenahealth weakness a buying opportunity, says SunTrust
SunTrust said it views the 22% year-to-date pullback in athenahealth (ATHN) as a buying opportunity, noting that it thinks the stock is waiting for a large ambulatory deal announcement to move higher. The firm views the Coordinator Enterprise deal the company announced yesterday with UAB as adding an important new customer and indicates that CE is gaining traction in the market, but said that it would likely be hard for Athena to unseat Cerner (CERN), which it believes is UAB’s primary HIT vendor. The firm has a Buy rating on athenahealth shares.

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