Veritas Capital, a private equity investment firm, announced that one of its affiliates is buying GE Healthcare's value-based care division for $1.05 billion in cash.
The affiliate will acquire GE's activities in enterprise financial management, ambulatory care management, and workforce management activities, including Centricity Business and Centricity Practice Solution software.
Veritas will work alongside the GE management team during the transition of the business into a standalone company. The transaction is expected to close during the third quarter of this year, subject to customary closing conditions and regulatory approvals.
