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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.