Evolent Health Attracts Private Equity Interest Amid Potential Sale Discussions
Evolent Health is currently in discussions with private equity firms and other companies for a potential sale. Interested parties include private equity firms TPG, CD&R, and KKR, as well as health insurer Elevance Health. The process began following inbound interest, and a deal could be finalized in the coming weeks.
Evolent Health is in advanced discussions with private equity firms and other companies regarding a potential sale, sources confirmed on Thursday. The move follows significant inbound interest, with TPG, CD&R, and KKR among those expressing interest in the $3.3 billion healthcare services provider.
Health insurer Elevance Health is also in the race and may collaborate with a private equity firm to acquire Evolent. Both Evolent and the interested parties declined to comment on the matter.
Evolent is working alongside a financial adviser and has received initial bids. While sources indicate a deal may be reached in the coming weeks, they caution that the outcome remains uncertain due to the confidential nature of the discussions.
(With inputs from agencies.)
ALSO READ
Adani Energy Solutions Strengthens Position with Khavda Phase IV Acquisition
Taiwan Escalates Missile Acquisition Amid Rising China Tensions
Biden Administration Blocks Nippon Steel's Acquisition of U.S. Steel on National Security Grounds
Biden Set to Halt Nippon Steel's U.S. Steel Acquisition
White House Eyes Blocking Nippon Steel's Acquisition of U.S. Steel