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KKR to acquire a stake in health tech firm Cotiviti

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New York
April 26, 2024
Reuters - Reuters

(Reuters) - Private equity firm KKR & Co has agreed to acquire a stake in Cotiviti from private-equity manager Veritas Capital, the healthcare technology firm said on Wednesday.

KKR was a leading contender to buy a 50% stake in Cotiviti and a transaction would value it between $10 billion and $11 billion, sources familiar with the matter had told Reuters earlier on Wednesday.

(Reporting by Bhanvi Satija in Bengaluru; Editing by Shilpi Majumdar)

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