H&F Reportedly Eyes $7.5B Acquisition Of MultiPlan by PitchBook

Hellman & Friedman is closing in on a deal to acquire MultiPlan, a provider of healthcare cost-management services, from Starr Investment and Partners Group for roughly $7.5 billion (including debt), according to The Wall Street Journal. A completed transaction would mark the third time in the past six years MultiPlan has changed PE ownership: The Carlyle Group and Welsh, Carson, Anderson & Stowe sold the company to BC Partners and Silver Lake in 2010, and Starr Investment and Partners Group bought MultiPlan in 2014.

The potential H&F buyout could be a small boost to a somewhat sluggish past few months for PE activity in healthcare. In line with the lackluster first quarter for PE deals overall, the healthcare space saw 179 deals close in 1Q, a 23% dip QoQ and 14% decrease YoY.

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MultiPlan

MultiPlan