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BC Partners, Silver Lake set to exit MultiPlan in $4.4bn deal

17 Feb 2014

insurance contract formPrivate equity firms BC Partners and Silver Lake are set to exit their investment in health insurance claims processor MultiPlan to an investor consortium led by ex-AIG CEO Maurice Greenberg.

The deal values the company at $4.4bn, according to a Reuters report, which cited a person familiar with the matter.

MultiPlan, which has a network of more than 900,000 healthcare providers, generates over $11bn in medical cost savings on about 40m claims annually.

BC managing partner Raymond Svider said, “Since our investment in 2010, MultiPlan has successfully integrated Viant and strengthened its foundation for long-term growth through enhanced technology capabilities, expanded customer relationships and deeper penetration into adjacent markets and new product lines.”

BC and Silver Lake bought MultiPlan in a $3.1bn deal from rival buy-out houses Carlyle and Welsh, Carson, Anderson & Stowe in July 2010.

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