M&A Deal Summary

Change Healthcare Acquires EquiClaim

On May 3, 2011, Change Healthcare acquired business services company EquiClaim from MultiPlan for 41M USD

Acquisition Highlights
  • This is Change Healthcare’s 5th transaction in the Business Services sector.
  • This is Change Healthcare’s 4th largest (disclosed) transaction.
  • This is Change Healthcare’s 8th transaction in the United States.
  • This is Change Healthcare’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2011-05-03
Target EquiClaim
Sector Business Services
Buyer(s) Change Healthcare
Sellers(s) MultiPlan
Deal Type Divestiture
Deal Value 41M USD

Target

EquiClaim

Naperville, Illinois, United States
EquiClaim is a provider of healthcare audit and recovery services for commercial and government payers.

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Buyer(S) 1

Buyer

Change Healthcare

Nashville, Tennessee, United States

Category Company
Founded 2007
Sector Information Technology
Employees15,000
Revenue 3.1B USD (2021)
DESCRIPTION

Change Healthcare is a provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon’s product and service offerings integrate and automate key business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity, payment distribution, payment posting and denial management, and patient billing and payment processing. Change Healthcare was founded in 2007 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 8 of 21
Sector (Business Services) 5 of 7
Type (Divestiture) 3 of 8
State (Illinois) 2 of 2
Country (United States) 8 of 21
Year (2011) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Chamberlin Edmonds & Associates

Atlanta, Georgia, United States

Chamberlin Edmonds & Associates is a provider of specialized eligibility determination services to hospitals throughout the U.S. CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 TC3 Health

Irvine, California, United States

TC3 Health, Inc. is a provider of cost containment solutions, including payment integrity analytics, clinical code editing and out-of-network claims cost management to payers and claims administrators.

Buy -

Seller(S) 1

SELLER

MultiPlan

New York, New York, United States

Category Company
Founded 1980
Sector Information Technology
Employees2,800
Revenue 961M USD (2023)
DESCRIPTION

MultiPlan is a provider of technology-enabled healthcare cost management solutions. MultiPlan 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 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Viant

Naperville, Illinois, United States

Viant, Inc. provides healthcare payment solutions through primary and complementary networks, integrated network and contract management, non-network cost management services and post payment audit and recovery services to the U.S. commercial and public health insurance sectors.

Buy -
FOLLOWING 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