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Veritas Capital Portfolio Company Acquires Cotiviti for $4.9 Billion

Posted in Healthcare Services Investing

Veritas Capital announced that its portfolio company, Verscend Technologies, has agreed to acquire Cotiviti Holdings for $4.9 billion in cash.

Cotiviti, based in Atlanta, is a provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry.

Verscend, based in Waltham, Mass., is a provider of data-driven healthcare solutions.

Veritas Capital, based in New York, is private equity firm with over $9.5 billion of assets under management. The firm invests in several sector, including healthcare.

The transaction is expected to close during the fourth quarter of 2018.

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