DOTmed July 16, 2021
Veritas Capital is seeking an initial public offering of more than $15 billion for Cotiviti Corp, said people with knowledge on the matter.
The unnamed sources say the private equity firm is working with Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. on a listing for the private healthcare information and analytics company this year. A final decision on pursuing an IPO, however, has not yet been made and options to sell or keep the company are still on the table for Veritas, reports Bloomberg News.
Cotiviti ensures payments to doctors and hospitals are correct and in doing so, has helped save its clients $5.7 billion in annual medical costs, according to its website. It sells its...
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