MultiPlan Corporation
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MultiPlan Corporation - overview
Established
1980
Location
New York, NY, US
Primary Industry
Healthcare IT
About
Founded in 1980, and based in New York, US, MultiPlan Corporation operates as a healthcare information service company that provides end-to-end cost management for the U. S. healthcare industry. In July 2016, GIC, Hellman & Friedman, and Leonard Green & Partners acquired a controlling stake in MultiPlan Inc.
from Ardian, Partners Group, and Starr Investment for USD 7. 5 billion. In October 2020, Churchill Capital Corp III merged with MultiPlan Inc. and in the same year, the company was listed on the NYSE under the ticker symbol MPLN.
As of 2022, the company is led by its President and Chief Executive Officer, Dale White, who employs more than 2400 employees and has a client base of more than 700 medical payors. MultiPlan offers healthcare cost management solutions, which include payment and revenue integrity, network-based, and analytics-based services for medical payors to manage their health plans and increase their competitiveness. The company's offerings also include claim cost management and primary preferred provider organization network solutions that are used to access hospitals, healthcare professionals, and ancillary care facilities. In 2021, the company generated over USD 1.
1176 billion in revenue with a net income of USD 102. 1 million and an adjusted EBITDA of USD 838. 3 million.
Current Investors
Hellman & Friedman, Ardian, Partners Group
Primary Industry
Healthcare IT
Sub Industries
Business Support Services, Healthcare IT, Analytics & Performance Software, Application Integration Software
Website
www.multiplan.us
Verticals
HealthTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
MultiPlan Corporation - 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 | Completed | Benefits Science Technologies | - | ||||||||
| Add-on, Trade Sale | Completed | Discovery Health Partners LLC | - | ||||||||
| Buyout | Completed | MultiPlan Corporation | - | ||||||||
| Buyout | Completed | MultiPlan Corporation | - | ||||||||
| Secondary Buyout | Completed | MultiPlan Corporation | - |
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