12:08 PM
MultiPlan Acquired by Private Equity Firms
New York-based MultiPlan, a provider of transaction services to healthcare payers, has been acquired by the private equity firms BC Partners (London) and Silver Lake (Cupertino, Calif.)
"BC Partners and Silver Lake are world-class investors with proven healthcare and technology expertise,” MultiPlan CEO Mark Tabak says in a statement. “We will benefit from their resources and insight as we further develop innovative technology that helps healthcare payers and providers collaboratively address the high cost of healthcare."
MultiPlan’s former owners were The Carlyle Group (Washington, D.C.) and Welsh, Carson, Anderson & Stowe (New York). Terms of the deal were not disclosed. MultiPlan itself recently acquired Viant, a provider of similar healthcare cost management services.
"[Tabak] and his team have done a tremendous job to position MultiPlan to be at the forefront of the fundamental changes taking place in the U.S. healthcare industry," BC Partners co-chairman Raymond Svider adds in the statement. "Through a series of strategic initiatives and complementary acquisitions, MultiPlan today is a leader in working with all healthcare industry participants to ensure that individuals receive greater choice, increased flexibility and cost effective care.”
MultiPlan clients include include large and midsize insurers, third party administrators, self-funded plans and HMOs.
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio