Private-Equity Firm Near Deal to Buy MultiPlan
May 03 2016 - 6:09PM
Dow Jones News
By Liz Hoffman and Dana Cimilluca
Private-equity firm Hellman & Friedman LLC is nearing a deal
to buy health-care services provider MultiPlan Inc. for about $7.5
billion including debt, in what would be one of the largest recent
leveraged buyouts.
Hellman & Friedman is in advanced talks with MultiPlan's
owner, Starr Investment Holdings LLC, according to people familiar
with the matter. A deal for MultiPlan, which processes claims for
big insurers, could come this week, they said. As always, there is
no guarantee an agreement will be reached.
It has been a fallow stretch for private-equity firms, which
have struggled to make acquisitions as a result of high valuations
and choppy debt markets.
Starr, which is part of the insurance and investment
conglomerate run by former American International Group Inc. chief
Maurice "Hank" Greenberg, paid $4.4 billion for MultiPlan in
2014.
(END) Dow Jones Newswires
May 03, 2016 17:54 ET (21:54 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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