Apax Partners Newswire

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  1. Cognizant to Buy IT Services Provider TriZetto for $2.7 BillionRead the original story

    12 hrs ago | NACD

    Reuters is reporting that Cognizant Technology Solutions Corp. has agreed to acquire healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its biggest deal ever. TriZetto is the just latest U.S. healthcare IT services provider to be purchased.

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  2. Cognizant's TriZetto buy to give it strong purchase in US healthcare marketRead the original story w/Photo

    Yesterday | The Indian Express

    ... one-time transaction costs and adjustments," said Karen McLoughlin, CFO. TriZetto, which was taken private by Apax Partners in 2008 for $1.4 billion has 3,700 employees based in US and India. It provides IT solutions to both the payer and provider ...

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  3. Cognizant buys US company TriZetto for $2.7 billionRead the original story w/Photo

    Monday | The Times of India

    ... buyout of Patni Computer. Shares of Cognizant, which acquired TriZetto from London-based private equity firm Apax Partners, were flat at the US bourses in early trades at $44 apiece. This is a very strategic acquisition for Cognizant as it gives the ...

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  4. Cognizant won't cut jobs at TriZetto in Douglas CountyRead the original story w/Photo

    Monday | Denver Post

    ... with plans to add 10,000 U.S. jobs over the next three years. Cognizant is purchasing Trizetto from Apax Partners, a London-based private-equity group that gained a majority stake in the company back in 2008 for $1.2 billion. Minority shareholders ...

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  5. Cognizant to buy US firm TriZetto for $2.7bRead the original story

    Monday | Mydigitalfc.com

    ... emerging delivery models-and provide even greater value to our clients." TriZetto is owned by funds advised by Apax Partners, together with minority investors BlueCross BlueShield of Tennessee and Cambia Health Solutions. It is ranked No. 20 in the ...

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  6. What Cognizant Gets from TriZettoRead the original story w/Photo

    Monday | Health Data Management

    ... in annual revenue. The buy itself is not surprising; Reuters announced a month ago that private equity firm Apax Partners--which bought TriZetto for $1.4 billion six years ago--was shopping the company and hoping to get as much as $3 billion. ...

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  7. Cognizant to Buy TriZetto for $2.7 Billion for Health UnitRead the original story

    Monday | The Washington Post

    Cognizant Technology Solutions Corp. agreed to buy TriZetto Corp. from Apax Partners for $2.7 billion in an all-cash deal to expand in health-care industry software. The deal will bring in additional revenue of about $1.5 billion in the next five years, Teaneck, New Jersey-based Cognizant said today in a statement.

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  8. Cognizant to Buy TriZetto to Boost Health-Care BusinessRead the original story w/Photo

    Monday | Re/code

    Cognizant Technology Solutions struck its biggest deal on Monday, acquiring health-care IT services provider TriZetto for $2.7 billion to beef up its slowing health-care business. Shares of the company, which is buying TriZetto from London-based private equity firm Apax Partners, were down almost one percent in late trading.

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  9. Hedge funds say Ann Inc. could be worth $65 per share in potential saleRead the original story

    Monday | Lipper HedgeWorld News

    ... on Monday [Sept. 15]. A sale to a private equity firm like Golden Gate Partners, Sycamore Partners or Apax Partners, would likely take place between $50 to $55 per share, the funds said. Red Alder and Engine Capital, which together own more than 1 ...

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  10. Cognizant's TriZetto acquisition mentioned positively at Deutsche BankRead the original story

    Monday | Theflyonthewall.com

    ... says its capital allocation model remains intact following its acquisition of TriZetto. Funds advised by Apax Partners agree to sell stake in TriZetto to Cognizant Funds advised by Apax Partners announced that they have agreed to sell their majority ...

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  11. Funds advised by Apax Partners agree to sell their majority stake in...Read the original story w/Photo

    Monday | WebWire

    Funds advised by Apax Partners today announced that they have agreed to sell their majority ownership stake in the TriZetto Corporation . TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions Corp for $2.7 billion in cash, subject to customary adjustments.

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  12. Cognizant to buy TriZetto Corp for $2.7 bn cashRead the original story

    Monday | Newkerala.com

    ... Karen McLoughlin, CFO, Cognizant, was quoted in the statement. TriZetto is currently owned by Funds advised by Apax Partners, together with minority investors BlueCross BlueShield of Tennessee and Cambia Health Solutions.

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  13. Cognizant to buy Douglas County-based TriZetto for $2.7 billionRead the original story w/Photo

    Monday | Denver Post

    Cognizant Technology Solutions Corp. agreed to buy TriZetto Corp. from Apax Partners for $2.7 billion in an all-cash deal to expand in health-care industry software. The deal will bring in additional revenue and savings of about $1.5 billion in the next five years, Teaneck, N.J.- based Cognizant said Monday in a statement.

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  14. TriZetto Acquired By Cognizant For $2.7 BillionRead the original story

    Monday | Techrockies.com

    ... ities LLC, Goldman, Sachs & Co. Legal and Kirkland & Ellis LLP. TriZetto had been owned by private equity firm Apax Partners.

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  15. Cognizant Expands Healthcare Information Technology With $2.7B Trizetto BuyRead the original story w/Photo

    Monday | TheStreet.com

    ... $2.7 billion in cash, subject to customary adjustments. TriZetto is majority owned by private equity company Apax Partners. The combined company will have more than $3 billion in healthcare revenue and serve about 245,000 U.S. providers. Gordon ...

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  16. UPDATE 1-Hedge funds say Ann Inc could be worth $65/shr in potential saleRead the original story

    Monday | Reuters

    ... presentation on Monday. A sale to a private equity firm like Golden Gate Partners, Sycamore Partners or Apax Partners, would likely take place between $50 to $55 per share, the funds said. Red Alder and Engine Capital, which together own more than 1 ...

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  17. Cognizant to Buy TriZetto for $2.7 BillionRead the original story w/Photo

    Monday | Health Data Management

    ... same core responsibilities. (Bloomberg)--Cognizant Technology Solutions Corp.agreed to buy TriZetto Corp. from Apax Partners for $2.7 billion in an all-cash deal to expand in healthcare industry software. Cognizant has arranged $1 billion in ...

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  18. Cognizant says TriZetto acquisition about revenue growth, not cost synergiesRead the original story

    Monday | Theflyonthewall.com

    ... says its capital allocation model remains intact following its acquisition of TriZetto. Funds advised by Apax Partners agree to sell stake in TriZetto to Cognizant Funds advised by Apax Partners announced that they have agreed to sell their majority ...

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  19. Cognizant to buy IT services provider TriZetto for $2.7 billionRead the original story

    Monday | West Australian

    said it would buy healthcare IT services provider TriZetto Corp for $2.7 billion from private equity firm Apax Partners, its largest deal ever. TriZetto is the latest U.S. healthcare IT services provider to be acquired as payors and providers of ...

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  20. Cognizant to acquire Trizetto for $2.7B in cash, CNBC reportsRead the original story

    Monday | Theflyonthewall.com

    Funds advised by Apax Partners agree to sell stake in TriZetto to Cognizant Funds advised by Apax Partners announced that they have agreed to sell their majority ownership stake in the TriZetto. TriZetto, a provider of world-class healthcare information technology and service solutions, will be sold to Cognizant Technology Solutions for $2.7B in cash, subject to customary adjustments.

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