13 05 2016

Veritas Capital acquires Verisk’s health care services for $820 million

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.
Morgan Stanley and SunTrust Robinson Humphrey are acting as financial advisers to Verisk. Skadden Arps Slate Meagher & Flom LLP is advising Veritas Capital with a team including Kenneth Wolff (Picture), Dillon Guthrie, David Kitchen, Mark Steinman, Erica Schohn, Dmitriy Chelnitsky, Jessica Cohen and Paul Schockett. 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. Involved fees earner: Kenneth Wolff - Skadden Arps Slate Meager & Flom; Dillon Guthrie - Skadden Arps Slate Meager & Flom; David Kitchen - Skadden Arps Slate Meager & Flom; Mark Steinman - Skadden Arps Slate Meager & Flom; Erica Schohn - Skadden Arps Slate Meager & Flom; Dmitriy Chelnitsky - Skadden Arps Slate Meager & Flom; Jessica Cohen - Skadden Arps Slate Meager & Flom; Paul Schockett - Skadden Arps Slate Meager & Flom; Richard Sandler - Davis Polk & Wardwell; Phillip R. Mills - Davis Polk & Wardwell; Marc Williams - Davis Polk & Wardwell; Zain Ur Rehman - Davis Polk & Wardwell; Shaun Levor - Davis Polk & Wardwell; Lawrence Wieman - Davis Polk & Wardwell; Darren Mahone - Davis Polk & Wardwell; John Brandow - Davis Polk & Wardwell; Barry Gewolb - Davis Polk & Wardwell;

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