Feb 17 A group led by former AIG boss
Maurice "Hank" Greenberg's Starr Investment Holdings is close to
buying health insurance claims processor MultiPlan Inc for about
$4.4 billion, the Wall Street Journal said.
The deal could be announced as early as Monday, the
newspaper said, quoting people familiar with the matter. ()
Starr Investment Holdings, an affiliate of C.V. Starr & Co,
approached MultiPlan owners BC Partners and Silver Lake in
November and the two sides negotiated exclusively since then,
the newspaper said.
MultiPlan helps manage the claims process for big health
insurers and has almost 900,000 healthcare providers under
contract, according to its website.
Starr's co-investor in the deal is Swiss investment firm
Partners Group, the Wall Street Journal said.
BC Partners and Silver Lake bought MultiPlan in 2010 for
about $3.1 billion from rival buyout firms Carlyle Group
and Welsh, Carson, Anderson & Stow. ()
C.V. Starr, MultiPlan and its private equity owners were not
immediately available for comment outside regular U.S. business
hours on Monday.