Gainwell Technologies (Veritas) Acquires HMS Holdings Corp.

Veritas Capital to Acquire BGIS

July 16, 2026

IT Services

Veritas Capital has entered into a definitive agreement to acquire BGIS, a global technical integrated facilities management (IFM) provider, from CCMP Capital Advisors and Alberta Investment Management Corporation (AIMCo). Veritas will partner with BGIS CEO Gord Hicks and BGIS’ existing management team to support the company’s long-term growth strategy, including its digital facility management platform and AI-enabled roadmap. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals and closing conditions; financial terms were not disclosed.

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.

Veritas Capital to Acquire Houghton Mifflin Harcourt (HMH) for $2.8 Billion

February 22, 2022

Education

Houghton Mifflin Harcourt (HMH) entered into a definitive merger agreement with affiliates of Veritas Capital to acquire the company for $21 per share, implying an equity value of about $2.8 billion. The transaction was completed via a tender offer, with HMH becoming a wholly-owned subsidiary of Veritas and ceasing trading on NASDAQ.

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 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 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.