Evolent Health up after report co in sale talks after receiving acquisition interest

Evolent Health

22/08/2024 18:40

** Shares of Evolent Health  EVH.N  rise 10.96% to $31.19
    ** The healthcare services provider is in talks with private
equity firms and other companies for a potential sale, in a
process that kicked off after it received inbound interest,
Reuters reports citing people familiar with the matter
    ** Private equity firms TPG  TPG.O , CD&R and KKR  KKR.N 
are among the parties that have expressed interest in a deal,
the sources said
    ** The sources added health insurer Elevance Health  ELV.N 
is also among the bidders and could team up with a private
equity firm to acquire co
    ** Evolent, TPG, CD&R, KKR and Elevance did not immediately
respond to requests for comment
    ** Stock down ~13% YTD

 (Reporting by Sriparna Roy in Bengaluru)
 ((Sriparna.Roy@thomsonreuters.com;))