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BRIEF-Cotiviti Holdings entered into definitive agreement to acquire Rowdmap
2017年7月10日 / 晚上8点48分 / 3 个月内

BRIEF-Cotiviti Holdings entered into definitive agreement to acquire Rowdmap

July 10 (Reuters) - Cotiviti Holdings Inc:

* Cotiviti announces agreement to purchase Rowdmap, Inc.

* Cotiviti Holdings Inc - entered into a definitive agreement to acquire Rowdmap, Inc.

* Pursuant to definitive agreement, Cotiviti will pay $70 million in cash, subject to certain adjustments

* Cotiviti Holdings Inc - intends to issue an aggregate of approximately 800,000 shares of restricted common stock to certain employees of Rowdmap

* Transaction is not subject to a financing condition

* Cotiviti Holdings Inc - on a non-gaap adjusted net income basis, acquisition is expected to be neutral to full year 2017 results and accretive in 2018.

* Cotiviti Holdings - due to equity incentives, impact of purchase accounting, on a gaap net income basis deal is not expected to be accretive in 2017 or 2018

* Cotiviti intends to fund entire purchase price of the transaction with available liquidity

* Cotiviti Holdings Inc - on a non-gaap adjusted net income basis, acquisition is expected to be neutral to full year 2017 results and accretive in 2018 Source text for Eikon: Further company coverage:

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