The acquisition values Athenahealth at $135 per share in cash. Private-equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. health-care software maker Athenahealth for about $5.7 billion in cash, the companies confirmed on Monday.Reuters had reported the deal was in the works on Sunday.Athenahealth, whose cloud-based service is used to track revenue from patients, physicians and hospitals, had been under pressure to sell itself from Elliott, which has about a 9 percent stake in the company. As part of a restructuring effort this year, it has cut jobs and hired former General Electric Chief Executive Jeff Immelt as chairman.The acquisition values Athenahealth at $135 per share in cash.The purchase price represents a premium of approximately 12 percent over the company’s closing stock price on November 9, the last trading day prior to today’s announcement, and a premium of approximately 27 percent over the company’s closing stock price on May 17, 2017, the day prior to Elliott Management’s announcement that it had acquired an approximate 9 percent interest in the company.

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