Cotiviti Announces Confidential Submission of Draft Registration Statement for Initial Public Offering
Atlanta, GA – April 5, 2016 – Cotiviti Holdings, Inc. (“Cotiviti”) today announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares of common stock to be sold and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions. The purpose of the initial public offering is to raise capital in order to enhance Cotiviti’s balance sheet.
This press release is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of Cotiviti’s control that may cause its business, industry, strategy, financing activities or actual results to differ materially. Cotiviti undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
For more information, contact:Jennifer DiBerardino, Vice President of Investor Relations Cotiviti Holdings, Inc. 203-642-0718 email@example.com