Cotiviti Secures Financing for Edifecs Acquisition with Paul Hastings' Assistance
Deal News | Apr 02, 2025 | Paul Hastings
Paul Hastings LLP played a pivotal role in the financing aspect of Cotiviti Holdings, Inc.'s acquisition of Edifecs, Inc., a front-runner in healthcare data interoperability. Cotiviti, supported by both Veritas Capital and KKR, relied on Paul Hastings' expertise as they had previously assisted with $5.6 billion in financing for KKR's stake in Cotiviti. The legal team from Paul Hastings was spearheaded by John Cobb, along with partners David Barash, Marc Lashbrook, and Ismael Duran, and further supported by associates Tina Davis and Erin Gormley. Paul Hastings enjoys a sterling reputation in the legal field, particularly in corporate finance, making them an ideal choice for this significant financial endeavor. Such transactions underscore the firm's commitment to excellence and its ability to handle complex cross-border financial deals effectively.
Sectors
- Healthcare Technology
- Private Equity
- Legal Advisory
Geography
- United States – The companies involved, Cotiviti and Edifecs, as well as the advisory firm Paul Hastings, operate within the U.S.
Industry
- Healthcare Technology – Edifecs operates in the healthcare data interoperability domain, which is a part of the broader healthcare technology industry.
- Private Equity – The acquisition involves Veritas Capital and KKR, major entities in the private equity sector.
- Legal Advisory – Paul Hastings LLP provided legal advisory services, advising on the finance aspects of the acquisition.
Financials
- 5.6 billion – The amount of financing arranged for KKR's investment in Cotiviti, previously advised by Paul Hastings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A law firm that provided legal and financing advisory services for the acquisition. |
| Cotiviti Holdings, Inc. | Buyer | Company | A leading healthcare analytics company acquiring Edifecs. |
| Edifecs, Inc. | Target Company | Company | A healthcare technology company focusing on data interoperability. |
| Veritas Capital | Private Equity Investor | Company | A private equity firm that has invested in Cotiviti. |
| KKR | Private Equity Investor | Company | A private equity firm which co-invested in Cotiviti. |