Internet-based business service provider Athenahealth has signed a definitive agreement to purchase operations facility from Bracebridge, a wholly-owned subsidiary of Bank of America.
The facility, located in Belfast, Maine, includes more than 130,000 square feet of office space on a 53-acre campus that was formerly owned and operated by MBNA prior to its acquisition by Bank of America in 2006. The new Athenahealth Maine Center will act as second operational service site and is expected to provide additional business continuity capability as the company looks to expand its growing national physician network.
The purchase is expected to be completed on or before February 16, 2008, subject to customary closing conditions.
Jonathan Bush, chairman and CEO of Athenahealth, said: Athenahealth could not be happier in our expansion to Maine and we look forward to establishing an exciting collaborative relationship with the people of the greater Belfast region.