Veritas-backed Verscend to acquire Cotiviti for USD4.9bn
Verscend Technologies, a portfolio company of private equity firm Veritas Capital and a specialist in data-driven healthcare solutions, is to acquire Cotiviti Holdings, a provider of payment accuracy and analytics-driven solutions for the healthcare industry, for USD4.9 billion in cash. Under the terms of the agreement, Cotiviti shareholders will receive USD44.75 in