Davis Polk Advises Verisk Analytics on the Sale of Its Health Care Services Business to Veritas Capital
Davis Polk is advising Verisk Analytics, Inc. in connection with the $820 million sale of Verisk’s health care services business, Verisk Health, to Veritas Capital. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by June 30, 2016.
Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, health care, financial services, government and risk management. Verisk Health empowers a sustainable, value-based health care delivery and payment system with the data services, analytics and advanced technologies that inform smarter business decisions and reduce risk. Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide.
The Davis Polk corporate team includes partners Richard J. Sandler, Phillip R. Mills and Marc O. Williams and associates Zain Ur Rehman and Shaun Levor. Partner Lawrence E. Wieman and associate Darren Mahone are providing credit advice. Partner John M. Brandow and associate Barry J. Gewolb are providing equity derivatives advice. All members of the Davis Polk team are based in the New York office.