Evolent Health in Sale Talks After Receiving Interest: Reuters

Evolent Health is exploring a sale after receiving interest, Reuters reports, citing unidentified people familiar with the matter.

• Potential bidders include Elevance Health and private equity firms TPG, CD&R and KKR
• A deal could be reached in the next few weeks
• Evolent is working with a financial adviser on the sale process and has received initial bids
• Evolent, TPG, CD&R, KKR and Elevance did not immediately respond to Reuters’ requests for comment
• Evolent Health shares rise much as 13.6%

To contact the reporter on this story:
Kenneth Hughes in New York at khughes51@bloomberg.net

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