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Fri January 11, 2013
Xconomy Report: Athenahealth Goes Shopping, BIND Finds a Partner, Wayfair CEO Talks E-Commerce
It’s the first big health-tech deal of the year: Watertown-based Athenahealth is acquiring Silicon Valley medical-app firm Epocrates for $293 million in cash.
Athenahealth does web-based software and services for healthcare billing, records, and coordination. With the West Coast acquisition, the 15-year-old company is making a big push in mobile and is expanding its customer base among doctors. It’s also a reversal of fortune in a town where we’ve seen plenty of established companies, from Endeca to Zipcar, get bought by outsiders.
In other innovation news:
BIND Binds itself to Amgen
Cambridge-based BIND Biosciences has formed a partnership with biotech giant Amgen to co-develop a nanoparticle drug for cancer. The deal could be worth more than $180 million over the coming years.
Startup of the Week
Our startup of the week is Foundation Medicine, which is also working on cancer treatment in Cambridge, but with a genomics bent. The 3-year-old company is getting $13.5 million in new money from investors including Bill Gates and Russian billionaire Yuri Milner.
Niraj Shah on E-Commerce
And finally, what does the future of e-commerce look like? Niraj Shah, the CEO of Boston e-retailer Wayfair, says it might be changing slower than you think. Companies around town are focusing on making their supply chains and distribution networks more efficient. So here’s hoping the next Amazon comes out of Boston -- and stays here.