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  "docId": "019dd923-622b-71dc-a6d9-674180b37344",
  "docSlug": "3743163daebf",
  "documentTitle": "athenahealth, Inc. (ATHN)",
  "authorId": "02_Elliott_Management",
  "authorName": "Jesse Cohn",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-05-07 00:00:00",
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  "pageNumber": 5,
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  "notes": "This is page 5 of a shareholder letter from Elliott Management.",
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      "text": "We believe the unfortunate but inescapable reality is that performance at athenahealth is not going to get better.",
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      "kind": "list",
      "text": "Lack of openness to strategic alternatives: The Company has disappointingly refused to engage with us or other parties to explore the value-maximizing opportunities available through a sale.",
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      "kind": "list",
      "text": "Leadership enhancements: athenahealth’s recently announced leadership enhancements have fallen short of the change that shareholders expected.",
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      "kind": "paragraph",
      "text": "We believe the unfortunate but inescapable reality is that performance at athenahealth is not going to get better. The Company already seems to be reverting back to long-established patterns of challenged execution.",
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      "kind": "paragraph",
      "text": "Elliott is an investment firm founded in 1977 that today manages approximately $35 billion of capital... Elliott and its affiliates employ a team of private equity industry veterans who have collectively closed more than $20 billion of transactions.",
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      "kind": "title",
      "text": "Background on Elliott’s Experience in Private Equity",
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      "evidence": "Performance and execution are unlikely to improve, Leadership enhancements",
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