Private equity firm Hellman & Friedman has reached a deal to buy healthcare services provider MultiPlan from Starr Investment Holdings for $7.5 billion, reports Wall Street Journal.
Under the transaction, Starr will retain a minority stake in the company. Starr bought the provider organization for $4.4 billion in 2014.
MultiPlan was founded in 1980 as a network of New York-based hospitals. It is currently one of the largest independent preferred-provider organizations in the U.S., with out 900,000 contracted providers.