Veritas, Carlyle End Talks Around Cotiviti Stake Sale
(Bloomberg) — Carlyle Group Inc. has ended its effort to buy a stake in health-care technology firm Cotiviti Inc., according to people with knowledge of the matter.
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Veritas Capital began notifying its limited development partners on Tuesday, said one of the people, who asked not to be identified as discussing confidential talks. Carlyle attempted to negotiate a lower price before ultimately deciding not to move forward with the investment due to market conditions, another of the people said.
Representatives for Carlyle and Veritas declined to comment. A spokesperson for Cotiviti didn’t immediately respond to a request