Janus Henderson Group PLC urged healthcare technology company athenahealth Inc. to take part in a formal sale process.
During talks with athenahealth's board, Janus Henderson expressed concerns over the athenahealth management's execution of strategic initiatives. Janus Henderson said that athenahealth shareholders should engage with third parties making offers for the company and open up a broader sales process as those moves are in their best interest.
Earlier in May, Elliott Management proposed to buy athenahealth in a take-private transaction and expressed concerns over the healthcare technology company's lack of communication and willingness to take part in such transactions.
Janus Henderson disclosed that it owns 4,789,251 common shares, or a 11.9% stake, of athenahealth as of May 15.
