Cotiviti Inc., a healthcare data and technology business, announced that it has entered into a definitive agreement to recapitalize the business with affiliates of its long-standing partner Veritas Capital and investment funds managed by KKR & Co. Under the agreement, Veritas and KKR will become co-sponsors with equal ownership stakes in Cotiviti. Cotiviti was represented by Skadden, Arps, Slate, Meagher & Flom. Veritas was advised by Gibson, Dunn & Crutcher. KKR was counseled by Kirkland & Ellis. Paul Hastings advised the direct lenders on the financing.
Technology
February 15, 2024, 1:26 PM