Hints and tips:
...directors knew Multiplan was an ailing business whose biggest customer might leave....
...Muddy Waters predicted that could lead to a 35 per cent decline in revenue within two years for MultiPlan....
...That’s the argument Block makes in the report outlining his short thesis on MultiPlan....
...Hellman & Friedman agreed to buy MultiPlan in 2016 for $7.5bn from Starr Investment Holdings and Partners Group....
...With the $11bn MultiPlan deal, Mr Klein sealed the largest transaction by a Spac....
...A blank cheque company set up by Citibank dealmaker Michael Klein, pictured below, will take MultiPlan, a healthcare technology company with private equity owners, public via an $11bn merger....
...With an $11bn deal to buy MultiPlan earlier this month, the biggest Spac merger to date, the banker who was once tipped to take over Citigroup has shown that blank-cheque companies are getting more sophisticated...
...MultiPlan had passed through five different private equity owners before Klein took the company public....
...The $1.3bn offering from MultiPlan, a healthcare technology company, was all the more surprising given the relative absence of toggle notes this year....
...Popular before the financial crisis, PIKs had seen something of a resurgence of late, with sales completed by healthcare technology company Multiplan and Sotera Health, a laboratory and healthcare service...
...Hellman & Friedman, the private equity firm, is close to reaching an agreement with Starr to acquire MultiPlan for about $7.5bn, including debt, according to people familiar with the situation....
...MultiPlan was the third co-investment and second exit for BC Partners and Silver Lake....
...Debt issues by CRC Health and Multiplan last month set a time limit after which the most favoured nation rule will not apply....
...MultiPlan provides cost management solutions to insurers and other entities....
...There have been secondary buy-outs in the US, such as this year’s $3.1bn sale of US healthcare services provider Multiplan by Carlyle to BC Partners and Silver Lake, but they make up a smaller proportion...
...BC Partners and Silver Lake Partners recently paid $3.1bn to buy MultiPlan, a healthcare services company, from Carlyle and Welsh, Carson, Anderson & Stowe....
...Earlier this month, Carlyle sold US healthcare service provider Multiplan for $3.1bn to its buy-out rivals BC Partners and Silver Lake Partners, in the latest of several “pass-the-parcel” deals....
...My first computer was an Apple II and was mainly used for three tasks - creating WordStar documents and MultiPlan spreadsheets, and managing personal finances using an early version of Intuit's Quicken....
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