Verscend Technologies (Cotiviti)
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Verscend Technologies (Cotiviti) - overview
Established
1996
Location
-, MA, US
Primary Industry
Software
About
Founded in 1996 and based in Massachusetts, US, Verscend Technologies operates as a healthcare information technology company. In April 2016, Veritas Capital agreed to acquire Verscend Technologies, Inc. from Verisk Analytics, Inc. for USD 820 million.
Furthermore, in 2018, Verscend Technologies, Inc purchased Cotiviti Holdings, Inc and merged the two companies to operate under the Cotiviti brand. Verscend Technologies offers data analytics, supporting payers’ financial performance and quality improvement initiatives. Verscend’s Payment Accuracy, Risk Adjustment, and Quality and Performance solutions help organizations utilize their data efficiently.
Current Investors
Veritas Capital, Alberta Teachers' Retirement Fund
Primary Industry
Software
Sub Industries
Healthcare IT, Accounting/Finance Software, Analytics & Performance Software
Website
www.verscend.com
Verticals
Big Data, HealthTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Verscend Technologies (Cotiviti) - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Edifecs, Inc. | - | ||||||||
| Secondary Buyout | Completed | Verscend Technologies (Cotiviti) | - | ||||||||
| Add-on, Public to Private, Trade Sale | Completed | Cotiviti, Inc. | - | ||||||||
| Growth | Completed | Verscend Technologies (Cotiviti) | - | ||||||||
| Buyout | Completed | Verscend Technologies (Cotiviti) | - |
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