Carlyle Group Inc to Buy Private Healthcare Technology Firm Cotiviti Inc

Carlyle Group Inc is in talks to buy private healthcare technology firm Cotiviti Inc from Veritas Capital for up to US$15 billion, including debt, a person familiar with the matter said.

The private equity firm is looking to partner with another investment firm to pull off the deal, and is also in talks with direct lenders to arrange US$5.5 billion of debt financing.

Atlanta-based Cotiviti provides payment accuracy and analytics services to health insurers and other healthcare companies.

Cotiviti, which went public in 2016, was acquired by Veritas in 2018 in a take-private deal valued at US$4.9 billion, as the PE firm looked to expand its Verscend healthcare IT business.

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