Boston Tech Watch: Humana, SmartBear, Nexamp, Veritas & More

September 4, 2018

This week in Boston tech, we’re tracking a massive healthcare analytics acquisition, a new technology incubator from health insurer Humana, a Mitsubishi subsidiary’s latest investments in the local energy sector, and more deals. Read on for details.

—Verscend Technologies said it completed its $4.9 billion acquisition of Atlanta-based Cotiviti (NYSE: COTV), a union of companies providing healthcare data analytics and services to insurers and other clients. The combined will go by Cotiviti, according to a press release.

Waltham, MA-based Verscend was previously known as Verisk Health. It was sold two years ago by Verisk Analytics (NASDAQ: VRSK) to private equity firm Veritas Capital for $820 million. Veritas has made several large digital health deals in recent years; it sold Truven Health Analytics to IBM Watson Health for $2.6 billion in 2016, and this year it acquired GE Healthcare’s “value-based care division” for $1.05 billion.

—Power company Diamond Generating, a Mitsubishi subsidiary, said it acquired a controlling stake in Boston-based solar energy firm Nexamp, two years after Diamond Generating invested in Nexamp. The purchase price wasn’t disclosed in a press release announcing this month’s deal, but a document filed with the SEC shows Nexamp recently raised $54 million in equity funding. A spokesperson declined to comment on the document.

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