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.
Vanguard’s move into PE may change the landscape forever
Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Read More
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