The Carlyle Group Completes Acquisition of MultiPlan; Nation's Largest Independent PPO Poised for Growth

New York, NY – MultiPlan, Inc. and The Carlyle Group yesterday completed the previously announced acquisition by Carlyle of MultiPlan, the largest independent PPO in America. This acquisition will facilitate the growth of MultiPlan’s market share and expansion of its medical cost management solutions, which include the national PPO network, specialty networks, negotiation services and a claim transaction and information management engine.

Mark Tabak, Chief Executive Officer of MultiPlan, said, "These are exciting times for MultiPlan, and MultiPlan is an exciting company for our time. We’re a significant player in a trillion-dollar market, and with new owners committed to our success we’re even better positioned for impressive growth."

Karen Bechtel, Managing Director and Co-head of Carlyle’s Healthcare Group, said, "We’re pleased to have gotten to this important stage. MultiPlan has the proven technology and management depth necessary to bring its growth plan to fruition. We look forward to supporting the company’s strategy and making this a successful investment."

Headquartered in New York, MultiPlan is the oldest and largest independent Preferred Provider Organization (PPO) network offering nationwide access to more than 4,300 hospitals, 100,000 ancillary care facilities and 450,000 physicians and specialists. MultiPlan serves a base of 2,000 large and mid-sized insurers, third-party administrators, self-funded plans, HMOs and other entities that pay claims on behalf of health plans. The company’s top 10 clients together deliver health coverage to more than 70 million Americans.

About MultiPlan
For 35 years, MultiPlan has helped healthcare payers and providers partner together to combat rising healthcare costs. MultiPlan serves as 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/ .