02:07 PM EDT, 08/22/2024 (MT Newswires) -- (Updates with TPG and KKR's response.)

Evolent Health ( EVH ) is holding talks with private equity firms and other companies over a potential sale after receiving interest, Reuters reported Thursday, citing people familiar with the matter.

KKR (KKR), TPG (TPG) and CD&R have all expressed interest in purchasing the healthcare services provider, which has a market value of $3.3 billion, the people reportedly told Reuters.

Elevance Health ( ELV ) , a health insurer, is also among the bidders and could team up with a private equity firm in pursuit of Evolent, according to the news outlet, citing the people.

TPG and KKR declined to comment when reached by MT Newswires. Evolent, CD&R and Elevance did not immediately reply.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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