Gainwell Technologies (Veritas) Acquires HMS Holdings Corp.

Veritas Capital Acquires DXC's U.S. State & Local Health & Human Services Business to Form Gainwell Technologies

October 1, 2020

Healthcare Services

Veritas Capital agreed to acquire DXC Technology's U.S. State & Local Health and Human Services business for $5.0 billion in cash, creating the standalone company Gainwell Technologies. The business — which serves 42 states and territories and employs over 7,500 people — will operate independently under Veritas; DXC will use the proceeds to pay down debt and strengthen its balance sheet.

Veritas Capital Acquires Houghton Mifflin Harcourt

February 22, 2022

Education

Certain affiliates of Veritas Capital have acquired Houghton Mifflin Harcourt (HMH) in a $21-per-share tender offer that implied an equity value of approximately $2.8 billion. HMH will become a wholly-owned subsidiary of Veritas, with CEO Jack Lynch and the current management team remaining in place, and Veritas intends to accelerate HMH's digital transformation and expand its market-leading K‑12 digital offerings.

Veritas Capital and Evergreen Coast Capital Acquire athenahealth

February 11, 2019

Healthcare Services

An affiliate of Veritas Capital and Evergreen Coast Capital (Elliott affiliate) completed the acquisition of athenahealth, Inc. for approximately $5.7 billion in cash. The deal combines athenahealth with Veritas-owned Virence Health under the athenahealth brand, creating a larger healthcare IT provider headquartered in Watertown, Massachusetts, led by Bob Segert.

Hellman & Friedman and Bain Capital Acquire athenahealth for $17 Billion

February 15, 2022

Cloud & SaaS

Affiliates of Hellman & Friedman and Bain Capital completed the $17 billion acquisition of athenahealth from Veritas Capital and Evergreen Coast Capital. The deal brings in additional coinvestors (including an affiliate of GIC and a subsidiary of ADIA) while Veritas and Evergreen each retain minority investments as the buyers look to scale athenahealth's cloud-based healthcare SaaS platform.

Veritas Capital Acquires Coronis Health and MiraMed Global Services to Create Scaled RCM Platform

August 4, 2022

Healthcare Services

An affiliate of Veritas Capital acquired Coronis Health from 424 Capital and other minority shareholders and acquired MiraMed Global Services from the Mira family, combining the two companies into a single, scaled revenue cycle management (RCM) platform. The combined business, led by Coronis CEO Stephen Grubbs with MiraMed founder Tony Mira as Vice Chairman, will provide end-to-end, technology-enabled RCM solutions across multiple specialties and employ over 8,500 people globally.

Cohesity Acquires Veritas' Data Protection Business to Form $7B Company

February 8, 2024

Cybersecurity

Cohesity has combined with Veritas Technologies' enterprise data protection business to create a combined data-protection leader valued at roughly $7 billion. The transaction—funded by a Series H led by Haveli Investments with participation from multiple existing and new investors—scales Cohesity's AI-powered data security and management portfolio, expands workload support (including Veritas NetBackup and appliances), and positions Sanjay Poonen to lead the combined company.