M&A Deal Summary

Cotiviti Acquires Cotiviti

On June 19, 2018, Cotiviti acquired information technology company Cotiviti for 4.9B USD

Acquisition Highlights
  • This is Cotiviti’s 2nd transaction in the Information Technology sector.
  • This is Cotiviti’s largest (disclosed) transaction.
  • This is Cotiviti’s 2nd transaction in the United States.
  • This is Cotiviti’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-06-19
Target Cotiviti
Sector Information Technology
Buyer(s) Cotiviti
Deal Type Add-on Acquisition
Deal Value 4.9B USD
Advisor(s) Goldman Sachs
William Blair (Financial)
Latham & Watkins (Legal)

Target

Cotiviti

South Jordan, Utah, United States
website
Cotiviti is a payment accuracy provider that helps healthcare payers and retailers achieve their business objectives by unlocking value from the incongruities it discovers in the complex interactions they have with stakeholders. Cotiviti was founded in 2014 and is based in South Jordan, Utah.

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Buyer(S) 1

Buyer

Cotiviti

South Jordan, Utah, United States

website

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

Cotiviti is a healthcare service provider that leverages data analytics and technology to limit costs and ensure regulatory compliance for various stakeholders in the healthcare industry, including payors, providers, and employers. Cotiviti's deeply embedded analytic and predictive modeling solutions, complemented by deep subject matter expertise, empower clients to maximize profitability through cost reduction while improving the quality of healthcare, enhancing the patient experience and assuring appropriate and compliant reimbursement. Cotiviti is based in South Jordan, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Utah) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-28 TierMed Systems

Chanhasse, Minnesota, United States

TierMed Systems LLC is a provider of HEDIS(Healthcare Effectiveness Data and Information Set) solutions. The TierMed solution suite allows managed care organizations to calculate and submit HEDIS results to NCQA (National Committee for Quality Assurance), improve quality in covered populations, and reduce administrative overhead associated with quality reporting.

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