The Wall Street Journal and U-T San Diego reported that Starr Investment Holdings is purchasing MultiPlan for $4.4 billion.
So, what does that mean to you?
- It shows that the investment community recognizes value in the PPO market.
- MultiPlan is one of our contracted PPOs.
- I was especially impressed to see MultiPlan’s metrics:
– 40 million claims, and
– 68 million consumers.
We recently published a PPO Fact Sheet, which lists many of MultiPlan’s payers.
Starr, Partners Group lead purchase of Multiplan
By Associated Press
9:49 a.m. | Feb 17, 2014
NEW YORK (AP) — A group led by Starr Investment Holdings says it is buying MultiPlan Inc., which helps manage claims for large health insurers.
The purchase price was $4.4 billion, according to a person close to the deal, who spoke on condition of anonymity because the companies did not publicly disclose terms.
Starr and Switzerland-based Partners Group announced Monday that their group had agreed to buy MultiPlan from private equity firms Silver Lake and BC Partners.
Starr is part of C.V. Starr & Co., which is led by former American International Group Inc. CEO Maurice “Hank” Greenberg.
MultiPlan says on its website that it has nearly 900,000 health care providers under contract and processes 40 million claims a year for payers in health care and other markets.
Original post by – U-T San Diego