MultiPlan Corporation
New York Stock ExchangeRecent
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ROIC.AI
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- MultiPlan Corporation (NYSE: MPLN), now operating as Claritev Corporation following a corporate rebrand announced in February 2025 with trading under ticker CTEV commencing February 28, 2025, provides technology-enabled data analytics and cost management solutions to the U.S. healthcare industry. The company offers payment and revenue integrity services; network-based solutions including primary preferred provider organization (PPO) networks such as nationwide and regional options for medical, dental, vision, workers' compensation, and auto insurance; out-of-network pricing and claims repricing; data and decision science analytics; business-to-business healthcare payments; and services addressing surprise billing, erroneous claims identification, and benefit plan optimization, serving over 700 healthcare payors, 100,000 employers, 60 million consumers, and 1.4 million contracted providers. Founded in 1980 and headquartered in New York City, New York, with a recent headquarters relocation to McLean, Virginia in March 2025, MultiPlan operates nationally across commercial health, government, property and casualty markets, processing billions in medical charges monthly to deliver savings through AI-powered platforms. In late 2024 and early 2025, the company executed a comprehensive debt refinancing through exchange offers and a Transaction Support Agreement covering approximately 78% of its outstanding debt, including 99% participation on $1.27 billion in existing term loans, resulting in new first-out first lien term loans, notes, and $350 million in revolving credit commitments extending maturities to 2029-2031 to support its Vision 2030 transformation plan focused on data, technology, and cost management investments. This restructuring positions MultiPlan for sustainable growth amid its strategic shift toward enhanced transparency and innovation, with no disruption to existing networks or services under the Claritev brand. Earlier acquisitions, such as Benefits Science in 2023 for data analytics expansion and Discovery Health Partners in 2021 for payment integrity enhancement, continue to bolster its service lines.
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MultiPlan Announces Comprehensive Refinancing
MultiPlan Corporation (MPLN) Q3 2024 Earnings Conference Call Transcript
MultiPlan Corporation (MPLN) Reports Q3 Loss, Lags Revenue Estimates
MultiPlan Reports Third Quarter 2024 Results and Updates 2024 Guidance
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