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Veritas Capital’s sale of Truven Health Analytics to IBM (NYSE: IBM) Watson Health for $2.6 billion. Veritas Capital had acquired Truven from Thomson Reuters Corp. for $1.25 billion in 2012. Verisk Health empowers a sustainable, value-based healthcare delivery and payment system with the data services, analytics, and advanced technologies that inform smarter business decisions and reduce risk. Verisk Health’s population health, revenue, payment, and quality solutions help health plans, providers, employers, and other risk-bearing entities improve the quality of healthcare delivery, contain costs, ensure appropriate revenue, and support compliance initiatives. Verisk Health has more than 350 clients across the United States. Upon closing, Verisk Health will be renamed and will operate as an independent company at its current headquarters in Waltham, Massachusetts. “The sale will enhance our focus on proprietary data analytics in our key vertical markets,” said Scott Stephenson, chairman, president, and CEO of Verisk Analytics. “Every private and public enterprise in healthcare is under pressure to improve performance and lower costs,” said Ramzi Musallam, managing partner at Veritas Capital. “Verisk Health’s sophisticated data services, analytics, and technologies are increasingly critical tools to help achieve those goals. We look forward to partnering with the talented Verisk Health team and applying our capital and deep experience to help the business grow and meet this rapidly expanding demand.” The purchase price consists of $720 million in cash, a $100 million long-term subordinated promissory note with interest paid in kind, and other contingent consideration. Morgan Stanley and SunTrust Robinson Humphrey are acting as financial advisors and McCarter & English, LLP and Davis Polk & Wardwell as legal advisors to Verisk Analytics in connection with the transaction. Skadden, Arps, Slate, Meagher & Flom is acting as legal advisor to Veritas. Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Verisk Analytics operates in 23 countries. The company was founded in 1971 and is headquartered in Jersey City, N.J. 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, including those operating in the aerospace & defense, healthcare, technology, national security, communications, energy, and education industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. The firm was founded in 1992 and is based in New York, N.Y., with an additional office in Washington, DC.]]>