According to a report from Reuters, background check provider Altegrity Inc. “has revived talks” to sell its HireRight unit that screens private-sector employees. The Reuters report is available at http://www.reuters.com/article/2014/01/26/us-hireright-sale-idUSBREA0P0SO20140126.
Reuters reports that Altegrity – owned by Providence Equity Partners LLC – originally sought as much as $1 billion for HireRight but “was expected to have lower price expectations this time.” Sources spoke to Reuters “on condition of anonymity because the talks are confidential.”
Reuters reports efforts to sell HireRight come as Altegrity’s government employee and contractor screening unit, U.S. Investigations Services (USIS), is being accused by the U.S. Justice Department of filing at least 665,000 flawed background checks between 2008 and 2012.
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