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Carlyle Group in talks to buy health tech giant Cotiviti for nearly $15 billion

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Carlyle Group is in talks to buy health tech giant Cotiviti for nearly $15 billion, including debt, from Veritas Capital, as reported by Bloomberg and confirmed by Axios.

The deal would include a stunning $5.5 billion private loan, one of the largest-ever direct loans in the private credit market.A deal will depend on Carlyle's ability to secure financing, Bloomberg reports.: Veritas took Cotiviti private in 2018 for about 4.

9 billion, only to test its public market readiness three years later, when itCotiviti's software solutions are designed to improve the financial and quality performance of health care providers.If the deal is done at the terms being discussed, it may be a harbinger for structures to come, especially as the syndicated financing markets remain cool.Axios on facebook

 

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Carlyle in talks to buy health tech firm Cotiviti for $15 bln - sourceCarlyle Group Inc is in talks to buy private healthcare technology firm Cotiviti Inc from Veritas Capital for up to $15 billion, including debt, a person familiar with the matter said.
Source: Reuters - 🏆 2. / 97 Read more »