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 it reportedly explored a dual process for the asset.
Read the full article: Carlyle in Talks to Buy Veritas’ Cotiviti //
Source: https://www.axios.com/2023/02/07/carlyle-15-billion-buy-veritas-cotiviti