
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.