Watertown is about to lose what was once one of the city's marquee employers and commercial property owners.
“Watertown has been Athenahealth’s home for nearly 20 years, and we thank the community for all of its support as we grew from a start-up to one of the largest employers in the Boston area,” CEO Bob Segert said in a statement.
The healthcare software company is moving to an office building being vacated by musical pioneer Bose Corp. There was no reporting on what might replace Athenahealth at Arsenal on the Charles but comes at a time when the "office market [is] suddenly awash in vacant office space" writes Clements.
Athenahealth has been through multiple changes in ownership and leadership since moving its global HQ to Watertown in 2005.
Segert said their downsized Brighton space “can keep pace with the changing nature of work and evolve with the needs of our workforce and business.”
As of November, Athenahealth had about 1,500 employees in Greater Boston and about 6,500 globally. The company announced a 3 percent layoff and that it was exploring a move in February.