M&A Deal Summary

Veritas Capital Acquires Cotiviti

On April 25, 2016, private equity firm Veritas Capital acquired information technology company Cotiviti from Verisk for 820M USD

Acquisition Highlights
  • This is Veritas Capital’s 4th transaction in the Information Technology sector.
  • This is Veritas Capital’s 12th largest (disclosed) transaction.
  • This is Veritas Capital’s 19th transaction in the United States.
  • This is Veritas Capital’s 1st transaction in Utah.

M&A Deal Summary
Date 2016-04-25
Target Cotiviti
Sector Information Technology
Buyer(s) Veritas Capital
Sellers(s) Verisk
Deal Type Divestiture
Deal Value 820M USD

Target

Cotiviti

South Jordan, Utah, United States
website
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.

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Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.

DEAL STATS #
Overall 20 of 40
Sector (Information Technology) 4 of 8
Type (Divestiture) 9 of 18
State (Utah) 1 of 1
Country (United States) 19 of 38
Year (2016) 1 of 1
Size (of disclosed) 12 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Truven Health Analytics

Ann Arbor, Michigan, United States

Truven Health Analytics, Inc. is a provider of healthcare data and analytics solutions to constituents across the entire healthcare continuum, including federal and state government agencies, employers, health plans, hospitals, clinicians and pharmaceutical companies. Truven Health Analytics, Inc. is based in Ann Arbor, Michigan.

Sell $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 APTIM

The Woodlands, Texas, United States

APTIM provides comprehensive and integrated maintenance services, environmental engineering and remediation, infrastructure EPC services, program management, and disaster response and recovery for the private sector and government customers. The business serves a diverse mix of commercial customers in the power, oil & gas, chemical, manufacturing, and retail sectors. Government customers include U.S. federal departments and agencies such as the DoD, DoE, FEMA, and EPA, as well as state and local governments. APTIM is based in The Woodlands, Texas.

Buy $755M

Seller(S) 1

SELLER

Verisk

Jersey City, New Jersey, United States

website

Category Company
Founded 1971
Sector Information Technology
Employees8,960
Revenue 2.8B USD (2020)
DESCRIPTION

Verisk is a source of information about risk.offer risk assessment services and decision analytics for professionals in many fields. property/casualty insurance, financial services, healthcare, government, human resources. Verisk was based in 1971 and is based in Jersey City, New Jersey.

DEAL STATS #
Overall 2 of 7
Sector (Information Technology) 2 of 3
Type (Divestiture) 2 of 7
State (Utah) 1 of 1
Country (United States) 2 of 6
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Risk Intelligence Ireland

Dublin, Ireland

Risk Intelligence Ireland is a provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Greentech Media

Boston, Massachusetts, United States

Greentech Media, Inc. is a provider of business-to-business news, market analysis, and conferences that inform and connect players in the global clean energy market.

Buy -
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