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DXC Technology to sell healthcare unit for $5 billion to Veritas Capital

IT and consulting services provider DXC Technology will sell its healthcare technology business to private equity firm Veritas Capital for $5 billion in cash. The company will retain its healthcare business that includes servicing customers from life sciences firms. The deal is expected to close by December. Guggenheim Securities and J.P. Morgan were the financial advisers and Latham & Watkins LLP was the legal adviser to DXC. Goldman Sachs and Co LLC was the financial adviser to Veritas Capital and Schulte, Roth and Zabel was its legal adviser.