Discovery Health Partners LLC
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Discovery Health Partners LLC - overview
Established
2008
Location
Itasca, IL, US
Primary Industry
Healthcare IT
About
Based in Illinois, US, and founded in 2008 by Paul Vosters, and Terrence Ryan, Discovery Health Partners LLC, a. k. a. Discovery operates as a provider and developer of cloud-based revenue payment integrity software solutions that help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies.
In March 2021, MultiPlan Corporation acquired Discovery Health Partners for USD 155 million in an all-cash transaction. The company provides a wide range of solutions, including premium restoration to restore and protect the premiums; coordination of benefits to identify instances of other coverage in order to maximize recoveries and drive future cost avoidance; data mining to identify and recover improper claims payments associated with adjudication errors, billing errors, or contract language, along with works to fix the leaks, preventing the reoccurrence of these errors in the future; subrogation to find more recovery opportunities, validate more cases, and reduce member contact, ultimately maximizing recoveries for the health plan; and clinical audits solution that analyzes and reviews healthcare claims to detect and deter billing errors. Discovery Health Partners offers these solutions through its proprietary cloud-based healthcare analytics platform that integrates powerful data, analytics, and business process capabilities.
Current Investors
Carrick Capital Partners, Hellman & Friedman, Leonard Green & Partners
Primary Industry
Healthcare IT
Sub Industries
Consulting Services, Healthcare IT, Accounting/Finance Software, Analytics & Performance Software, Application Integration Software
Verticals
Big Data, Cloud Computing, FinTech, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Discovery Health Partners LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Discovery Health Partners LLC | - | ||||||||
| Add-on | Completed | Consova’s payment integrity business | - | ||||||||
| Buyout | Completed | Discovery Health Partners LLC | - | ||||||||
| Growth | Completed | Discovery Health Partners LLC | - |
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