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Access here alternative investment news about Veritas-backed Verscend To Acquire Health Care Payments Company Cotiviti For $4.9b In Cash
Private Equity

Veritas-backed Verscend To Acquire Health Care Payments Company Cotiviti For $4.9b In Cash

by marketwatch.com posted 2months ago 19 views
Verscend Technologies Inc., a portfolio company of private-equity firm Veritas Capital, said it has agreed to acquire Cotiviti Holdings Inc. for $4.9 billion in cash. Cotiviti provides payment services to the health care industry. The company's shareholders will receive $44.75 in cash for each Cotiviti share owned, equal to a 32% premium over the company's share price as of June 4.