H&F Reportedly Eyes $7.5B Acquisition Of MultiPlan

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

PitchBook users can access our platform for more info on PE activity in healthcare, including deal analytics, investors and more. Not a subscriber, but don’t want to miss out on investment trends? Contact us today.