Veritas Capital To Acquire Revenue-Cycle, Ambulatory Care, & Workforce Management Software Unit From GE Healthcare For $1 Billion

Leading private equity investment firm Veritas Capital (Veritas) recently announced it is acquiring General Electric’s (GE) value-based care assets for a sale of $1.05 billion. The assets will include GE Healthcare’s revenue-cycle, ambulatory care, and workforce management software unit.

According to reports, $850 million of the financing will go toward secured term loans and a five-year revolving credit facility. The senior term loans will be led by Goldman Sachs and others, with the junior term loads being privately placed. It is anticipated that the acquisition will officially close during the third quarter of 2018 . . .