June 19, 2018 / 12:41 PM / 3 months ago

Cotiviti to be taken private in $4.9 bln deal

June 19 (Reuters) - Healthcare analytics company Cotiviti Holdings Inc said on Tuesday it would be acquired by private equity firm Veritas Capital in a deal valued at $4.9 billion.

Cotiviti shareholders will receive $44.75 in cash per share, a premium of 12.2 percent to Monday’s close and Veritas Capital said it would assume all of Cotiviti’s outstanding debt.

Cotiviti provides payment accuracy and analytics-driven solutions for insurers, other risk-bearing healthcare organizations and retailers. (Reporting by Ankur Banerjee in Bengaluru; Editing by Maju Samuel)

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