MultiPlan to acquire healthcare data and analytics firm

MultiPlan, a healthcare analytics and revenue analysis company, is acquiring Benefits Science Technologies in a $160 million deal. 

BST is a healthcare data and advanced analytics company, according to a May 9 MultiPlan news release. The company's machine-learning algorithms and AI software help about 75,000 employers to predict future risk and manage health plan decisions.

MultiPlan said in the release that the acquisition strengthens its foothold in large and fast-growing adjacent markets by "unlocking the value of its significant and expanding claims flows for in-network commercial, Medicare Advantage and other government programs, property and casualty, and supplemental insurance markets." 

BST will form the foundation of MultiPlan’s new data and decision science service line. 

Benefits Science Technologies was founded in 2012 by a group of experts in data science, including Dimitris Bertsimas, PhD. Dr. Bertsimas will continue with BST post-closing, according to the release. 

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