athenahealth, Inc. (NASDAQ:ATHN) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.Entry into a Material Definitive Agreement.
On August 8, 2017, athenahealth, Inc. (the “Company”) entered into an Amended and Restated Services Agreement (the "Agreement") with Access Healthcare Services USA, LLC (“Access”). The Agreement amends and restates in its entirety that certain Services Agreement between the Company and Access dated July 31, 2013. Under the Agreement, Access agreed to provide the Company with data entry and certain other services from Access’s facilities located in India and the Philippines, in each case in consideration for fees to be set forth in individual Statements of Work. The services contemplated by the Agreement include document services and credentialing services, although Access may provide additional services or processes upon mutual agreement of the parties. These services support the Company’s client service operations, including, among other things, processing critical claims data and clinical documents, credentialing, and enrollment services. The Agreement contains representations, warranties and covenants of the parties, as well as indemnification provisions that are customary for agreements of this nature, including customary confidentiality, non-solicitation and non-compete covenants, and insurance coverage requirements. The Agreement also provides the Company with an option to purchase the operations of the Access entities dedicated to the Company in certain circumstances. The Agreement terminates on August 8, 2024 and automatically renews for successive two year terms thereafter unless either party provides prior written notice of its intent not to renew at least six months prior to expiration of the then-current term.
The foregoing summary of the Agreement does not purport to be complete and is qualified by its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report and incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit No. |
Description |
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#10.1 |
Amended and Restated Services Agreement by and between athenahealth, Inc. and Access Healthcare Services USA, LLC, dated August 8, 2017. |
# Application has been made to the Securities and Exchange Commission for confidential treatment of certain provisions.
Omitted material for which confidential treatment has been requested has been filed separately with the Securities and
Exchange Commission.
ATHENAHEALTH INC ExhibitEX-10.1 2 amendedservicesagreement.htm EXHIBIT 10.1 Exhibit Exhibit 10.1EXHIBIT A TO THE SUPPORT AGREEMENT BETWEEN ATHENA AND AHS INDIAAMENDED AND RESTATED SERVICES AGREEMENTThis Amended and Restated Services Agreement (this “Agreement”) is entered into as of August 8,…To view the full exhibit click here
About athenahealth, Inc. (NASDAQ:ATHN)
athenahealth, Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support. Through these services, the Company connects healthcare information and processes, and drives results for approximately 75,000 healthcare providers. The Company has developed various cloud-based services. Its services include athenaCollector for revenue cycle and practice management; athenaClinicals for electronic health records; athenaCommunicator for patient engagement; athenaCoordinator for order transmission; athenaCoordinator Enterprise for patient access, care coordination, and order transmission; athenaCommunicator Enterprise for population health management, and Epocrates for clinical decision support.