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ClearBridge Sends Letter to Board of Directors of athenahealth Inc.

May 31, 2018

ClearBridge Investments today announced that it has sent a letter to the Board of Directors of athenahealth Inc. In light of the litany of executive turnover, misexecution on several initiatives and persistent downward trajectory of a variety of financial measures, the letter urges the Board of Directors to instruct its financial advisors, Lazard and Centerview Partners, to commence a formal solicitation process including all potential strategic and financial suitors. Further, in light of the public proposal to take athenahealth private, the letter strongly encourages the Board of Directors to fully exercise its fiduciary responsibility to represent all of the company's shareholders.

Brian Angerame

Portfolio Manager
26 Years experience
20 Years at ClearBridge

Derek Deutsch, CFA

Portfolio Manager
21 Years experience
21 Years at ClearBridge

Aram Green

Portfolio Manager
19 Years experience
14 Years at ClearBridge

Jeffrey Russell, CFA

Portfolio Manager
39 Years experience
30 Years at ClearBridge

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