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Direct Investment  + LBOs  + M&As  | 
Carlyle CIO Peter Clare to Retire After Over Three Decades at the Group

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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.