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Verisk Analytics' Health Care Unit Could Fetch $1 Billion


NEW YORK (The Deal) -- Insurance services provider Verisk Analytics (VRSK - Get Report) has retained Morgan Stanley to sell its health care division, according to three industry bankers.

Salt Lake City-based Verisk Health is expected to post ebitda of around $90 million, according to the three bankers. The bankers noted that a sale is likely to pull in anywhere from 10 to 12 times ebitda. Based on these metrics, the business could fetch $900 million to $1.08 billion.

One banker noted that the process had started some time ago, when the bank originally went out to strategic buyers. However, he also pointed out that the process is still in early stages. A second banker suggested that the unit's breadth and scale may be attractive. A third banker noted that which company could take Verisk Health under its wing was unclear.

Verisk Health provides data, services, analytics and technologies targeted in several health-related areas. Its population health analytics arm uses predictive science to identify and stratify opportunities for interventions as well as to judge risk levels for patients. The...