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Direct Investment  + LBOs  + M&As  |  February 8, 2023
Carlyle CIO Peter Clare to Retire After Over Three Decades at the Group
Joe Palmisano
By: Joe Palmisano

Carlyle, Veritas Capital in Discussions to Acquire Healthcare Tech Firm Cotiviti for $15B

Private equity powerhouse Carlyle Group is reportedly in negotiations about acquiring Atlanta-based private healthcare technology firm Cotiviti from private equity firm Veritas Capital for as much as $15 billion, including debt, Bloomberg News reported citing people familiar with the matter.

Carlyle is reportedly wooing private lending companies to amass $5.5 billion in financing for the potential deal, including debt, which would make it one of the biggest non-bank buyout loans in the private credit market, the report said.

A deal could be announced in weeks, depending on when Carlyle secures financing, but discussions on the buyout may fall through, according to Bloomberg.

Cotiviti, which went public in 2016 and was acquired by Veritas in 2018 in a $4.9 billion take-private deal, provides payment accuracy and analytics services to health insurers and other healthcare companies.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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