Transactions
January 21 2021
TripleTree Advises Discovery Health Partners on Its Acquisition by MultiPlan Corporation
MultiPlan Corporation (“MultiPlan” or the “Company”), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, announced an agreement to acquire Discovery Health Partners (Discovery), an analytics and technology company offering healthcare revenue and payment integrity services, for about $155 million plus transaction costs. The transaction is expected to be completed by the end of Q1 2021, subject to satisfaction of closing conditions including customary regulatory approvals including expiration of the waiting period under the Hart-Scott-Rodino Act. MultiPlan expects to fund the transaction from cash on hand.
LEAD INVESTMENT BANKERS
David Brownlie
Ashish Varshneya
MultiPlan Corporation (“MultiPlan” or the “Company”), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, announced an agreement to acquire Discovery Health Partners (Discovery), an analytics and technology company offering healthcare revenue and payment integrity services, for about $155 million plus transaction costs. The transaction is expected to be completed by the end of Q1 2021, subject to satisfaction of closing conditions including customary regulatory approvals including expiration of the waiting period under the Hart-Scott-Rodino Act. MultiPlan expects to fund the transaction from cash on hand.
LEAD INVESTMENT BANKERS
David Brownlie
Ashish Varshneya
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