KKR Nears Deal to Buy Stake in Cotiviti from Veritas Capital

Private-equity firm Veritas Capital is close to a deal to sell a stake in Cotiviti to alternative-asset manager KKR in a deal that would value the healthcare-technology company at around $11 billion. KKR could finalize an agreement to buy a 50% stake in Cotiviti from Veritas as soon as in the coming weeks, people familiar with the matter said, assuming the talks don’t fall apart. If the firms reach an agreement, the transaction’s potential valuation would rank it among the largest U.S. private-equity deals announced in the past year. Private-equity deal making has slowed sharply since the Federal Reserve began raising interest rates last year, which has made it more expensive to finance takeovers.

Read the full article: KKR Nears Deal to Buy Stake in Cotiviti from Veritas Capital //

Source: https://www.wsj.com/articles/kkr-nears-deal-to-buy-stake-in-cotiviti-from-veritas-capital-19e78281

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