KKR & Veritas Recapitalize Health Technology Firm Cotiviti

Cotiviti, a health care data and technology company, entered into a definitive agreement to recapitalize the business with affiliates of its existing partner Veritas Capital and investment funds managed by KKR. Under the agreement, KKR and Veritas will become co-sponsors with equal ownership stakes in Cotiviti. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions, including regulatory approvals.

The firms will also allocate significant capital to accelerate innovation and fund growth investments related to commercial expansion, new product development, and technology-related opportunities. KKR is making its investment in Cotiviti primarily . . .