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.
More articles on finance issues:
Here’s how presidential candidates would address soaring out-of-pocket costs
5 most-read finance stories: Week of May 2-6
231 hospitals inadvertently earned Medicare bonuses despite lower quality care
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
