Latham & Watkins Advises Cotiviti Holdings in $4.9 Billion Acquisition by Verscend

Lawyers across six Latham offices advised on the transaction, which creates a leading data and analytics-driven healthcare solutions provider.

June 19, 2018

Cotiviti Holdings, Inc. (NYSE: COTV) (“Cotiviti”), a leading provider of payment accuracy and analytics-driven solutions focused primarily on the healthcare industry, and Verscend Technologies, Inc. (“Verscend”), a portfolio company of Veritas Capital (“Veritas”) and a leader in data-driven healthcare solutions, have announced that they have entered into a definitive agreement whereby Verscend has agreed to acquire Cotiviti for $4.9 billion in cash. The transaction, which was unanimously approved by Cotiviti’s Board of Directors, is expected to close during the fourth quarter of 2018. Closing of the transaction is subject to the approval of Cotiviti shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.

Latham & Watkins LLP represents Cotiviti in the transaction with a corporate deal team led by New York partner Tom Malone and New York and Orange County partner Charles Ruck, with associates Javier Stark, Allison Eitman, and Marc Klepner in New York, and Barbara Leonard, Scott Becker, and Christopher Martinez in Orange County. Advice was also provided on finance matters by partner Joshua Tinkelman in New York; on tax matters by partners David Raab and Lisa Watts, with associate Alan Kimball in New York; on benefits and compensation matters by partners Laurence Seymour and Michelle Carpenter in Los Angeles and counsel Nineveh Alkhas in Chicago, with associate Megan Ampe in Los Angeles; on intellectual property matters by partner Steven Betensky in New York, with associates Jia Jia Huang and Peter Jackson in Los Angeles; on antitrust matters by partners Karen Silverman in San Francisco and Farrell Malone in Washington, D.C., with associate Brady Cummins in Washington, D.C.; on securities matters by partner Blair Connelly in New York; on real estate matters by counsel Betsy Mukamal, with associate Karen Ritter in New York; on healthcare matters by counsel Betty Pang, with associate Heather Deixler in San Francisco; on environmental matters by counsel David Langer, with associate Christopher Antonacci in New York; and on government contracts matters by counsel Kyle Jefcoat in Washington, D.C.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.