Initial Public Offering

Healthcare
Initial Public Offering

Summary

Baird served as a joint bookrunner on this offering.

About

Cotiviti Holdings, Inc. (“Cotiviti” or the “Company”) (NYSE: COTV) recently completed an initial public offering of 12,500,000 shares of common stock at a price of $19.00 per share, generating gross proceeds of $237.5 million. The Company intends to use the net proceeds from this offering to repay outstanding borrowings and for working capital purposes.

Formed in May 2014 through the merger of Connolly and iHealth Technologies, Cotiviti is a leading provider of analytics driven payment accuracy solutions, focused primarily on the healthcare sector. The Company’s integrated solutions help clients enhance payment accuracy in an increasingly complex healthcare environment. Cotiviti leverages its robust technology platform, configurable analytics, proprietary information assets and expertise in healthcare reimbursement to help clients enhance their claims payment accuracy. The Company helps healthcare clients identify and correct payment inaccuracies, which resulted in over $2.7 billion in savings in 2015. Cotiviti works with over 40 healthcare organizations, including eight of the ten largest United States commercial, Medicare and Medicaid managed health plans, as well as CMS. Cotiviti is also a leading provider of payment accuracy solutions to over 40 retail clients, including eight of the ten largest retailers in the United States. The Company is headquartered in Atlanta, Georgia.

For additional information about this transaction, please contact:

Bill Suddath +1 (404) 264-2222
Ben Brown +1 (414) 298-7013
Les Cheek +1 (617) 426-5789
Lance Lange +1 (414) 765-7079
Vincenzo di Nicola +44 (207) 667-8532
James Weck +1 (312) 609-4675
Healthcare
Initial Public Offering
Date
June 2016
Company
Cotiviti Holdings, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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