PSS World Medical, Jacksonville, Fla., acquired roughly 5% of Athenahealth's outstanding shares for $22.5 million in cash, said PSS World spokesman Brian Kosoy. Watertown, Mass.-based Athenahealth, a privately held online healthcare information technology and business services company for physician offices, filed notice of an initial public offering with the Securities and Exchange Commission in late June. PPS World Medical, a medical product distributor, also signed an exclusive two-year agreement to market Athenahealth's online practice management, billing and electronic medical records to doctors.
PSS World acquires Athenahealth shares, contract
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