WATERTOWN, Mass., May 10, 2013 (GLOBE NEWSWIRE) -- athenahealth, Inc.(Nasdaq:ATHN), a leading provider of cloud-based services for electronic health record ( EHR), practice management , and care coordination, today announced that it has finalized the purchase from Harvard University of the Watertown "Arsenal on the Charles," an expansive, 29-acre, multi-building, commercial property situated on the Charles River less than 10 miles outside of downtown Boston.
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The transaction, valued at $168.5 million, will provide athenahealth with the additional flexibility and space needed to accelerate the company's growth in Massachusetts and across the health care industry. The "Arsenal on the Charles" is a designated historic site with 11 buildings, some dating back more than 200 years; it has been home to athenahealth's headquarters since 2005."We are excited to deepen our roots in Massachusetts; Watertown is our home. The Arsenal on the Charles offers athenahealth everything we could ask for in a headquarters; its open and expansive architecture, outdoor campus feel, strong community, and proximity to Boston fit with our culture, strengthens our standing as a top employer, and provides an inspirational backdrop as we work to be medical caregivers' most trusted service," said Jonathan Bush, chairman and CEO of athenahealth. "We are building a national health information backbone that will have a revolutionary impact on the cost and quality of health care. I can imagine no better place than the very same buildings from which the first industrial revolution rose, to take on such inspiring and important work."