athenahealth Arrives in Maine

BELFAST/ROCKLAND (Dec 4, 07): We had big news last week as Jonathan Bush, CEO and President of athenahealth, announced the purchase of the former Bank of America (MBNA) property on Rt. 1 in Belfast. Situated on 53 acres, the 134,000 s.f. facility will house 100 to 150 jobs in the next year and up to 500 more in coming years; it's great news for our area and our state.

athenahealth went public in September and was one of the top three I.P.O.s in 2007. With patented software and an industry leading system, athenahealth presents promise that the ten year old company is about to take off. Belfast stands to see a stronger tax base and a fully employed workforce. Underemployment should be a thing of the past.

While all of the economic development entities in this state work together to try to make things happen - DECD, KWRED, PBRCC, CEI (and other lettered acronyms), in this case the kudos go to Maine & Company - Matt Jacobson, its president and CEO and Peter Del Greco, the deal maker. We've worked together for two years now to bring athenahealth to Maine. And Dave Tassoni, now managing director of athenahealth in Maine, showed his management capabilities in driving the process. Maine owes all three a major debt of gratitude.

I also want to congratulate Governor John Baldacci for creating the Pine Tree Zone program that he initiated when he first came to office. Pine Tree Zones create economic incentives that allow Maine to compete with other states to attract business and jobs to our state. The PTZ was critical to attracting this fine company and serves as the primary economic development tool in Maine. Thanks Governor. -H-