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Multiplan Passed Around by Buyout Firms
One of the biggest independent PPOs in the country is being acquired by a pair of private equity companies from two other buyout firms for a reported $3.1 billion.
Multiplan Inc. of New York is being acquired by BC Partners Ltd. of Europe and U.S.-based Silver Lake Partners. The health plan is owned by Carlyle Group and Welsh, Carson, Anderson & Stowe.
As the Wall Street Journal points out, deals involving one private equity firm selling to another aren’t always the best transactions for investors. Often, the firms share the same pool of investors, which includes pension funds, universities and other institutions. So investors end up funding acquisitions of companies they already own through other private equity shops.
Still, the transaction shows deal activity is picking up and highlights health care as an area that’s already seeing some merger momentum this year.
Brett Chase covers health care for Portfolio.com and writes the blog Heavy Doses.
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