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Veritas acquiring GE Healthcare technology unit for $1 billion

By TechTaffy Desk

Private equity investment firm Veritas Capital has entered into a definitive agreement with GE to acquire the enterprise financial management, ambulatory care management, and workforce management (formerly API Healthcare) assets comprising GE Healthcare’s value-based care division for $1.05 billion in cash.

The transaction is expected to close during the third quarter of 2018, subject to customary closing conditions and regulatory approvals.

Morgan Stanley and Keval Health are acting as financial advisors to GE in the transaction. Goldman Sachs and William Blair are acting as financial advisors. Schulte Roth & Zabel  is serving as legal counsel to Veritas Capital in the transaction.

GE Healthcare is the $19 billion healthcare business of GE.

[Image courtesy: GE Healthcare]

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