The Firm is representing Hellman & Friedman in connection with entering into a definitive agreement to acquire control of MultiPlan, Inc. from Starr Investment Holdings LLC and Partners Group. As part of the transaction, GIC and Leonard Green & Partners will invest alongside Hellman & Friedman, and each of Starr and Partners Group will retain minority investments in MultiPlan. Terms of the transaction were not disclosed.
MultiPlan, Inc. is the nation's largest provider of transaction-based solutions that reduce medical costs. The company provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. Clients include insurers, health plans, third party administrators, self-funded employers, HMOs and other entities that pay medical bills in the commercial healthcare, government, workers compensation and auto medical markets.
The Simpson Thacher team includes Rich Capelouto, Atif Azher, Alexis Orenstein, Simon Chiu, Jinna Kwak, Jane Li, Casey Corr and Robert Fannion (M&A); Brian Steinhardt and Matthew Farrell (Credit); William Brentani and Ryan Coombs (Capital Markets); David Rubinsky, Jeannine McSweeney, Monisha Bhayana and Caitlin Lucey (Executive Compensation and Employee Benefits); Jason Vollbracht and Tanvi Mirani (Tax); Jeff Ostrow, Marcela Robledo and JaeWon Lee (Intellectual Property); Alexis Coll-Very, Brandon Martin and Matthew Telford (Regulatory); Peter Thomas, Ellen Frye, Elizabeth French and Elliot Weingarten (Competition); and Tim Mulvihill (Environmental).