www.axios.com Open in urlscan Pro
2606:4700::6812:1447  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content
Axios
 * Sections
 * Local news
 * Axios Pro
 * About Axios
 * Sign up


Log In
Feb 7, 2023 - Economy & Business


CARLYLE IN TALKS TO BUY VERITAS' COTIVITI

 * Claire Rychlewski, author of Axios Pro: Health Tech Deals

Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email

Illustration: Gabriella Turrisi/Axios

Carlyle Group is in talks to buy health tech giant Cotiviti for nearly $15
billion, including debt, from Veritas Capital, as reported by Bloomberg and
confirmed by Axios.

Why it matters: The deal would include a stunning $5.5 billion private loan, one
of the largest-ever direct loans in the private credit market.

Details: Goldman Sachs is providing sell-side advice to Veritas, sources tell
Axios.

 * A deal will depend on Carlyle's ability to secure financing, Bloomberg
   reports.

Flashback: Veritas took Cotiviti private in 2018 for about 4.9 billion, only to
test its public market readiness three years later, when it reportedly explored
a dual process for the asset.

 * Cotiviti's software solutions are designed to improve the financial and
   quality performance of health care providers.

The bottom line: If the deal is done at the terms being discussed, it may be a
harbinger for structures to come, especially as the syndicated financing markets
remain cool.

Carlyle declined comment. Veritas and Goldman did not return requests for
comment.


Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email





GO DEEPER

 * Astrid Galván

Updated 44 mins ago - Politics & Policy


SUSPECTED EL PASO WALMART SHOOTER PLEADS GUILTY

A candlelight vigil at a makeshift memorial for victims of the mass shooting in
El Paso, Texas. Photo: Mario Tama/Getty Images

The suspect in the 2019 El Paso Walmart mass shooting on Wednesday pleaded
guilty to federal hate crimes charges, AP reported.

Driving the news: Patrick Crusius, who police say confessed to authorities that
he was targeting Mexicans when he carried out the shooting that left 23 people
dead, changed his plea to guilty to 90 counts under federal hate crime and
firearm laws.

Go deeper (1 min. read)
Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email

 * Hans Nichols, author of Axios Sneak Peek

Updated 46 mins ago - Politics & Policy


BIDEN GOES OFF SCRIPT TO CHALLENGE REPUBLICANS

President Biden speaks during his State of the Union speech at the U.S. Capitol
on Tuesday. Photographer: Jacquelyn Martin/AP/Bloomberg via Getty Images

President Biden previewed an optimistic re-election platform in his State of the
Union speech Tuesday — but veered off script to take on rowdy Republicans in a
series of confrontations that captured America's political chasm.

Why it matters: Biden used much of his speech to emphasize what Americans can do
when they work together — while also baiting Republicans to agree with his push
to protect Medicare and Social Security as Congress weighs budget cuts.

Go deeper (2 min. read)
Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email
 * Ivana Saric

Updated 1 hour ago - World


RESCUERS COMB RUBBLE IN TURKEY AND SYRIA AS QUAKE DEATH TOLL TOPS 12,000

Syrian civilians and members of the White Helmets conduct search and rescue
operations in the rubble of a collapsed building following a magnitude 7.8
earthquake that hit Syria. Photo: Anas Alkharboutli/dpa via Getty Images

Rescue teams were searching for survivors from the massive earthquake and
aftershocks that flattened buildings in parts of Turkey and Syria this week, as
the death toll surpassed 12,000 on Wednesday.

The big picture: Officials warned the death toll would likely rise, as rescue
teams searched the rubble of buildings razed by the magnitude 7.8 quake that
struck at 4:17am Monday local time (1:17 GMT) just north of Turkey's Gaziantep,
near the Syrian border. Hundreds of thousands of others were injured in the
disaster.

Go deeper (2 min. read)
Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email


NEWS WORTHY OF YOUR TIME.

Download the app


ABOUT

About Axios
Advertise with us
Careers
Events
Axios on HBO
Axios HQ
Privacy and terms
Online tracking choices
Do not sell my personal information
Contact us


SUBSCRIBE

Axios newsletters
Axios Pro
Axios app
Axios podcasts
Courses
Earn Axios rewards

Axios