M&A Deal Summary

MultiPlan Acquires Discovery Health Partners

On January 21, 2021, MultiPlan acquired information technology company Discovery Health Partners for 155M USD

Acquisition Highlights
  • This is MultiPlan’s 2nd transaction in the Information Technology sector.
  • This is MultiPlan’s 2nd largest (disclosed) transaction.
  • This is MultiPlan’s 4th transaction in the United States.
  • This is MultiPlan’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-01-21
Target Discovery Health Partners
Sector Information Technology
Buyer(s) MultiPlan
Deal Type Add-on Acquisition
Deal Value 155M USD
Advisor(s) Triple Tree LLC (Financial)
Goodwin Procter (Legal)

Target

Discovery Health Partners

Itasca, Illinois, United States
website
Discovery Health Partners is an analytics and technology company offering healthcare revenue and payment integrity services. Discovery offers a unique combination of deep healthcare expertise and analytics-powered technology solutions to help our clients improve operational efficiency, achieve financial integrity, and generate measurable results. Discovery Health Partners was founded in 2008 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

MultiPlan

New York, New York, United States

website

Category Company
Founded 1980
Sector Information Technology
Employees2,400
Revenue 1.1B USD (2021)
DESCRIPTION

MultiPlan is a provider of technology-enabled healthcare cost management solutions. The company provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York city.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (Illinois) 2 of 2
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 HST

Laguna Hills, California, United States

HST is an innovative healthcare technology company that enables value-based health benefit plan designs. HST is based in Laguna Hills, California.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Benefits Science Technologies

Boston, Massachusetts, United States

Benefits Science Technologies is a next generation data and advanced analytics company that combines modern data science, including machine learning and artificial intelligence (“AI”), with deep expertise in healthcare to deliver solutions that reduce the cost of care and improve health outcomes. Benefits Science Technologies was formed in 2012 and is based in Boston, Massachusetts.

Buy $160M
Mergr

Product

Company

Legal