New York, NY; August 26, 2010 MultiPlan, Inc. today announced the completion of its acquisition by BC Partners, a leading international private equity firm, and Silver Lake, the world's largest private investor in technology. The new owners are poised to help MultiPlan achieve its growth objectives by building upon its foundation as the nation's most comprehensive provider of healthcare cost management solutions.
Mark Tabak, Chief Executive Officer of MultiPlan, said, "The healthcare system is in the midst of sweeping change. MultiPlan's comprehensive suite of transaction-based healthcare cost management services help healthcare payers and providers meet their business and growth objectives in this challenging and evolving environment. In BC Partners and Silver Lake, we have world class investors with proven healthcare and technology expertise."
Founded in 1980, MultiPlan is the nation's leading comprehensive provider of healthcare cost management solutions. The company delivers transaction-based services to insurers, health plan administrators, and other payers of healthcare services, as well as to its national network of medical providers, which includes over 5,000 hospitals, 92,000 ancillary care facilities and 750,000 healthcare practitioners in the United States. The company processes more than 100 million medical claims annually.
MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. Clients include large and mid-sized insurers, third party administrators, self-funded plans, HMOs and other entities that pay claims on behalf of health plans. For more information, visit www.multiplan.com.
BC Partners is a leading international private equity firm with advised funds of approximately 10 billion. Established in 1986, the firm operates as an integrated team through offices in Europe and North America to acquire and develop businesses and create value in partnership with management. Since inception, BC Partners has made 73 investments with a total enterprise value of approximately 67 billion. Its healthcare-related investments include General Healthcare Group, Hirslanden, Centro Medico Teknon and Synlab. More information about BC Partners can be found at www.bcpartners.com.
Silver Lake is the leader in private investments in technology and technology-enabled industries. Silver Lake invests with the strategic and operational insights of an experienced industry participant. The firm has over 90 investment professionals located in New York, Menlo Park, San Francisco, London, Hong Kong and Tokyo and manages over $14 billion across large cap and middle market private investment strategies as well as a credit investment strategy. Its portfolio includes or has included technology industry leaders such as Avago, Avaya, Business Objects, CDW, Flextronics, Gartner, Gerson Lehrman, Instinet, Intelsat, IPC, Mercury Payment Systems, NASDAQ OMX, NXP, Sabre, Seagate Technology, Serena, Skype, Spreadtrum, SunGard Data Systems, UnityMedia and Vantage Data Centers. For more information, please visit www.silverlake.com.