Cotiviti Announces Pricing of Secondary Public Offering

ATLANTA--(BUSINESS WIRE)--Cotiviti Holdings, Inc. (NYSE:COTV), a leading payment accuracy provider to the healthcare and retail industries, (“Cotiviti” or the “Company”), today announced the pricing of an underwritten secondary public offering of 8,420,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), by certain stockholders of the Company (the “Selling Stockholders”) at a public offering price of $36.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,263,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on March 13, 2017, subject to customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.