Nordic Capital, Insight Partners take Inovalon private in $7.3B acquisition

Health data software provider Inovalon is set to be acquired by Nordic Capital, Insight Partners and other investors in a deal valuing the company at roughly $7.3 billion. Announced Aug. 18, the deal will take the tech company private and pay out $41 per share in cash to its stockholders—a roughly 25% bump over its value in late July, according to the announcement. Reuters and other sources peg the all-cash deal at $6.41 billion.

Read the source article at Healthcare News
2021-08-23 12:35:00