Cotiviti completed the acquisition of Edifecs for $3.05bn.

Cotiviti, a provider of data-driven healthcare solutions, completed the acquisition of Edifecs, a pioneer in healthcare data interoperability, for $3.05bn. "As an end-to-end digital data exchange leader, Edifecs has significantly advanced interoperability, enhancing collaboration between payers and providers for better care delivery. Our new combined organization will further enable our clients to streamline healthcare operations, improve claims processing accuracy and timing, and reduce administrative costs, thereby providing greater value and efficiency for the entire ecosystem," Emad Rizk, Cotiviti Chairman, President, and CEO.