Mubadala Nears Deal to Buy Stake in Health Tech Firm Zelis

Mubadala Investment Co. is nearing a deal to acquire a minority stake in Zelis that values the health-care technology company at about $17 billion, people with knowledge of the matter said. The Abu Dhabi wealth fund is putting the final touches on a deal with Zelis’s owners, Bain Capital and Parthenon Capital, according to the people. Mubadala has agreed to anchor a so-called minority recapitalization of Zelis, one of the people said. Other co-investors will be brought in during the coming weeks, the person said. Bloomberg News reported in September that Bain and Parthenon were in talks to sell a 20% to 25% stake in the company.

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Source: https://finance.yahoo.com/news/mubadala-near-deal-buy-stake-190358654.html

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