Athenahealth Plans to Create 607 Jobs in Austin

imgres-14Athenahealth, an electronic health care records provider, plans to expand in Austin creating 607 jobs and investing more than $13 million.
The Texas Enterprise Fund is providing $5 million to the company.
In addition, the City of Austin next Thursday will vote on a request to provide an economic development grant worth $679,000, during the next 10 years, from its Economic Incentives Reserve Fund.
Athenahealth, based in Watertown, Ma., is proposing to create 607 new full-time jobs in Austin during the next 10 years with an average annual wage of $132,085, according to a proposal to the city of Austin. The company, founded in 1997, has 2,853 employees. The publicly traded company, traded on the NASDAQ stock market under the symbol ATHN, reported revenue of $539.7 million in fiscal 2013 and a net loss of $4.6 million.
“This TEF investment will create hundreds of high-paying tech jobs in Austin, building on the city’s thriving technology sector and strengthening the state and local economies,” Gov. Rick Perry said in a news release.
Athenahealth plans to move into the Seaholm Power Plant in Downtown Austin and lease 115,000 square feet of space to support its products and customers.
“We’re thrilled at the prospect of growing our presence in Austin, a city with a culture and vibe that perfectly aligns with our own,” athenahealth chairman and CEO Jonathan Bush said in a news statement. “athenahealth is growing all across the country as we work to fulfill our vision of becoming a national information backbone to make health care work as it should. Austin offers a strong talent pool to aid in the important work we do at athenahealth to advance connectivity in health care.”

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