Investor Group To Buy Claims Manager For $4.4B
MultiPlan processes 40 million health insurance claims annually.
The Associated Press/Los Angeles Times: Starr Leads Purchase Of Healthcare Services Firm MultiPlan
A group led by Starr Investment Holdings said Monday that it is buying MultiPlan Inc., which helps manage claims for large health insurers. The price was $4.4 billion, according to a person close to the deal, who spoke on condition of anonymity because the companies did not disclose terms (2/17).
The New York Times’ DealBook: C.V. Starr And Partner Buy Health Care Concern In A $4.4 Billion Deal
MultiPlan was purchased by the private equity firms BC Partners and Silver Lake Partners in 2010 for about $3 billion, with the private equity firms each investing about $600 million. Founded in 1980, MultiPlan manages the claims process for insurers, corporate self-funded health plans and health maintenance organizations. The company processes about 40 million insurance claims annually (Bray and De La Merced, 2/17).