Veritas Capital and Evergreen Coast Capital Acquire athenahealth

Veritas Capital to Acquire Trinity Consultants

August 5, 2026

Professional Services

Veritas Capital will acquire Trinity Consultants from Oak Hill Capital pursuant to a definitive agreement. Oak Hill will reinvest and remain a minority shareholder, while Trinity’s management team and broader employees will continue to hold meaningful ownership. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and regulatory approvals.

Elliott, Patient Square and Veritas Acquire Syneos Health for ~$7.1B

May 10, 2023

Healthcare Services

A consortium of private investment firms—Elliott Investment Management, Patient Square Capital and Veritas Capital—has completed the acquisition of Syneos Health for $43.00 per share, a transaction valued at approximately $7.1 billion including debt. Syneos Health will become a privately held company, with the new owners planning to accelerate its transformation, invest in technology and strengthen its integrated biopharmaceutical services.

Veritas Capital Affiliate to Acquire CAES Space Systems

October 13, 2022

Aerospace & Defense

Veritas Capital announced that an affiliate has entered into a definitive agreement to acquire CAES Space Systems from CAES. The company supplies high-reliability, radiation-hardened electronic solutions for space, defense, healthcare, and industrial applications, and the transaction is expected to close in Q1 2023 subject to customary conditions and approvals.

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 and Evergreen Coast Capital Acquire Cubic Corporation

May 25, 2021

Aerospace & Defense

Veritas Capital and Evergreen Coast Capital (an affiliate of Elliott Investment Management) completed a go-private acquisition of Cubic Corporation, with the transaction valued at approximately $3.0 billion including assumed debt. Under amended terms, Cubic shareholders received $75.00 per share in cash; Cubic will remain based in San Diego, California under the new private ownership.

Gainwell Technologies (Veritas) Acquires HMS Holdings Corp.

April 1, 2021

Healthcare Services

Veritas Capital-backed Gainwell Technologies completed the acquisition of HMS Holdings Corp. for $37.00 per share, taking HMS private and delisting its shares from Nasdaq. Veritas will align HMS capabilities across Gainwell (Medicaid/state-focused solutions) and Veritas-backed Cotiviti (commercial, Medicare and federal-focused solutions) to expand payment integrity, analytics and Medicaid administration offerings.