{"id":6904,"date":"2023-04-12T00:49:15","date_gmt":"2023-04-12T00:49:15","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/veritas-carlyle-end-talks\/"},"modified":"2023-04-12T00:55:47","modified_gmt":"2023-04-12T00:55:47","slug":"veritas-carlyle-end-talks","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/veritas-carlyle-end-talks\/","title":{"rendered":"Veritas, Carlyle end talks on Cotiviti stake sale – source"},"content":{"rendered":"

(Reuters) -Veritas Capital ended talks with Carlyle Group Inc to buy a 50% stake in private healthcare technology firm Cotiviti Inc on valuation grounds, a source familiar with the matter said.<\/p>\n

Carlyle wasn’t ready to stick to the valuation that had previously been discussed in the current market conditions and submitted a revised bid in recent days, which Veritas rejected, the source said.<\/p>\n

In February, Reuters reported that Carlyle was in talks to buy a portion of Cotiviti from Veritas Capital at a valuation of around $15 billion.<\/p>\n

Cotiviti, which went public in 2016, was acquired by Veritas in 2018 in a take-private deal valued at $4.9 billion, as the private equity firm looked to expand its Verscend healthcare IT business.<\/p>\n

Carlyle and Veritas declined to comment, while Cotiviti did not immediately respond to a Reuters’ request for comment.<\/p>\n

(Reporting by David Carnevali in New York and Nilutpal Timsina in Bengaluru; Editing by Subhranshu Sahu and Uttaresh Venkateshwaran)<\/p>\n

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(Reuters) -Veritas Capital ended talks with Carlyle Group Inc to buy a 50% stake in private healthcare technology firm Cotiviti Inc on valuation grounds, a source familiar with the matter said. Carlyle wasn’t ready to stick to the valuation that had previously been discussed in the current market conditions and submitted a revised bid in […]<\/p>\n","protected":false},"author":8,"featured_media":6905,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[1223],"class_list":["post-6904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ3B001-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=6904"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6904\/revisions"}],"predecessor-version":[{"id":6919,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6904\/revisions\/6919"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/6905"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=6904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=6904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=6904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}