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MultiPlan to Acquire Discovery Health Partners for USD 155m
Friday 22 January 2021

New York-based PPO network operator MultiPlan (NYSE: MPLN) has agreed to acquire analytics and technology company Discovery Health Partners for USD 155m, the company said.

The acquisition of Discovery will accelerate growth and diversify service offerings of MultiPlan by expanding payment integrity services and adding a revenue integrity service line.

Discovery works with about 80 healthcare payor customers in the Medicare Advantage, Medicaid and commercial markets to improve the integrity of their payment and revenue processes.

Discovery solutions will complement and extend MultiPlan's payment integrity offerings, spanning the claims life cycle to ensure the legitimacy of a payor's payment requests as well as its premium collections.

Together, the companies will offer a suite of solutions that analyse and impact the right eligibility and claims at the right time in order to be paid correctly the first time.

BofA Securities served as financial advisor and Kirkland and Ellis LLP served as legal counsel to MultiPlan for this transaction. TripleTree, LLC acted as the exclusive financial advisor and Goodwin Procter LLP served as legal counsel to Discovery.

MultiPlan operates regional preferred provider organisation (PPO) networks that provide various healthcare cost management solutions.

Discovery Health Partners offers healthcare revenue and payment integrity services.
Date Published: 22/01/2021