Private Markets

Advent Wants Definitive Healthcare Private at $1.02 a Share. The Stock Jumped 13% Anyway.

A special committee confirmed it received a non-binding go-private proposal from Advent International, though the company hasn't yet said what happens next. Definitive Healthcare's special committee confirmed it has received a non-binding p…

Advent Wants Definitive Healthcare Private at $1.02 a Share. The Stock Jumped 13% Anyway.
Advent Wants Definitive Healthcare Private at $1.02 a Share. The Stock Jumped 13% Anyway.

A special committee confirmed it received a non-binding go-private proposal from Advent International, though the company hasn't yet said what happens next.

Definitive Healthcare's special committee confirmed it has received a non-binding proposal from Advent International to take the healthcare-data company private at $1.02 per share. The stock rose about 13% on the news.

The company hasn't disclosed whether it has retained a financial adviser for the review, set a timeline for a response, or received any competing interest. A non-binding proposal is an invitation to negotiate, not a signed agreement, and the special committee's next move, whether a higher bid, a rejection, or a signed deal near the proposed price, remains open.

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