Veritas Capital is set to acquire healthcare analytics company Cotiviti Holdings Inc for $4.9bn, Reuters has reported.
Cotiviti provides payment accuracy and analytics-driven services to the insurance and healthcare markets.
The company’s stock price jumped from $39 on Monday to $44 after the announcement on Tuesday.
Veritas has over $9.5bn of assets under management and has made more than 80 portfolio investments.
The New York-based firm typically invests in companies providing technology-enabled solutions to governments and commercial customers.
In April the firm agreed to buy GE Healthcare’s value-based care division for $1.05bn.
Last year Veritas closed its oversubscribed sixth fund at it $3.55bn hard cap after just four months on the market.
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