Veritas, Carlyle End Talks Around Cotiviti Stake Sale

Veritas Capital and Carlyle Group Inc. have ended their talks for the Washington-based alternative asset manager to take a stake in health-care technology firm Cotiviti Inc., according to people with knowledge of the matter.

Veritas Capital, which took Cotiviti private in 2018, began notifying its limited partners of the development on Tuesday, said one of the people, who asked not to be identified discussing confidential talks. Carlyle attempted to negotiate a lower price before ultimately deciding not to move forward with the investment due to market conditions, another of the people said.