July 9, 2010 / 3:55 AM / 9 years ago

Carlyle Group to sell MultiPlan Inc for $3.1 bln - WSJ

July 9 (Reuters) - Private equity firms Carlyle Group [CYL.UL] and Welsh, Carson, Anderson & Stowe are selling health care business MultiPlan Inc in a deal that values the company at $3.1 billion, the Wall Street Journal said, citing people familiar with the deal.

Private equity firms BC Partners and Silver Lake Partners have agreed to purchase MultiPlan from Carlyle, the paper said.

The deal would be the largest secondary buyout in 2010, in which a company is passed from one private equity firm to another, the Journal said.

Carlyle will make more than three times its investment in MultiPlan, which it acquired in 2006, the paper said.

MultiPlan is one of the largest U.S. independent preferred provider organizations — businesses that put together medical networks for insurers.

Carlyle could not immediately be reached for comment by Reuters outside regular U.S. business hours. (Reporting by Sakthi Prasad in Bangalore and Megan Davies in New York; Editing by Lincoln Feast)

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