Davizro/iStock via Getty Images Evolent Health ( NYSE: EVH ) jumped 12% after a report that the healthcare services provider is in talks with private equity firms and other companies about a sale. PE firms TPG ( TPG ), KKR ( KKR ) and CD&R are among parties that have expressed interest in a possible deal, according to a Reuters report on Thursday, which cited people familiar with the matter. Health insurer Elevance Health ( ELV ) is also among the bidders who may team up with a PE firm for a deal.
Evolent ( EVH ) has received initial bids and a transaction could be reached in the next few weeks, according to the report. Evolent ( EVH ) has a market cap of $3.3 billion.
The company h as short interest of 12.5%. Evolent, TPG, CD&R, KKR and Elevance didn't immediately respond to Reuters’ requests for comment.
This is not the first time Evolent ( EVH ) has received takeover interest. Bloomberg reported in September 2021 that Walgreens ( WBA ) was in merger talks with Evolent. More on Evolent Health Evolent Health, Inc.
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