M&A Deal Summary

Cotiviti Acquires Connolly

On April 2, 2014, Cotiviti acquired business services company Connolly from Advent International

Acquisition Highlights
  • This is Cotiviti’s 1st transaction in the Business Services sector.
  • This is Cotiviti’s 2nd transaction in the United States.
  • This is Cotiviti’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2014-04-02
Target Connolly
Sector Business Services
Buyer(s) Cotiviti
Sellers(s) Advent International
Deal Type Merger

Target

Connolly

Atlanta, Georgia, United States
Connolly is a provider of technology-enabled recovery audit services in the United States, Europe, and Canada.

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Buyer(S) 1

Buyer

Cotiviti

South Jordan, Utah, United States

Category Company
Founded 2014
Sector Information Technology
Revenue 679M USD (2017)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 3
Sector (Business Services) 1 of 1
Type (Merger) 2 of 2
State (Georgia) 2 of 2
Country (United States) 2 of 3
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 iHealth Technologies

Atlanta, Georgia, United States

iHealth Technologies (iHT) is a healthcare analytics company that derives meaningful insight and delivers effective solutions to help clients optimize performance. iHT is a leader in payment integrity solutions and leverages business intelligence, technology and operational excellence to improve the effectiveness of healthcare.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 RowdMap

Louisville, Kentucky, United States

RowdMap, Inc. is a payer-provider, value-based analytics company employing Risk-Readiness® Benchmarks to assist health plans, physician groups, and hospital systems identify, quantify, and reduce low-value care. RowdMap, Inc. was established in 2012 and is headquartered in Louisville, Kentucky.

Buy $70M

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 138 of 222
Sector (Business Services) 11 of 15
Type (Merger) 1 of 10
State (Georgia) 4 of 4
Country (United States) 54 of 79
Year (2014) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Cotiviti

South Jordan, Utah, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 FinancialForce

San Jose, California, United States

Certinia is a cloud ERP and PSA provider. FinancialForce offers customer-centric business applications on the leading cloud platform from Salesforce. Certinia was founded in 2009 and is based in San Jose, California.

Buy -