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BC Partners, Silver Lake pick up MultiPlan for $3.1bn

15 Jul 2010

Private equity firms BC Partners and Silver Lake have acquired healthcare cost management company MultiPlan from rival buy-out houses Carlyle and Welsh, Carson, Anderson & Stowe.

The deal reportedly values the company at $3.1bn, and represents one of the largest leveraged buy-outs of the year. Carlyle is to make a return of over three times on the stake it took in the company in 2006, according to the Wall Street Journal.

MultiPlan transaction-based healthcare cost management company that processes more than 100 million medical claims annually. The largest company in the industry, it provides 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, 115,000 ancillary care facilities and 625,000 healthcare practitioners in the United States.

Egon Durban, managing director, Silver Lake, said, “This investment in MultiPlan, our first in the healthcare industry, is a compelling addition to Silver Lake’s portfolio of market-leading transaction processing businesses in multiple industry verticals ranging from travel to point-of-sale payments.

“MultiPlan is powerfully positioned for future growth as it introduces greater efficiency and access to its truly unique medical network and platform of healthcare cost management services,” he added.

BC Partners is reportedly looking to list UK gym chain Fitness First on an Asian bourse, as opposed to the US or Europe.

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