Veritas Capital announced that its portfolio company, Verscend Technologies, has agreed to acquire Cotiviti Holdings for $4.9 billion in cash.
Cotiviti, based in Atlanta, is a provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry.
Verscend, based in Waltham, Mass., is a provider of data-driven healthcare solutions.
Veritas Capital, based in New York, is private equity firm with over $9.5 billion of assets under management. The firm invests in several sector, including healthcare.
The transaction is expected to close during the fourth quarter of 2018.
