MultiPlan to acquire Discovery Health Partners for c. $155m.

MultiPlan, a provider of data analytics and technology-enabled end-to-end cost management solutions, agreed to acquire Discovery Health Partners, an analytics and technology company, for c. $155m. The transaction is expected to be completed by the end of Q1 2021, subject to satisfaction of closing conditions including customary regulatory approvals. “Waste in the US healthcare system accounts for about a quarter of total healthcare spending and presents a tremendous opportunity to deliver affordability, fairness and efficiency to the industry. This acquisition of Discovery will extend the reach of our program integrity solutions not only across the claim value chain but also across multiple payor lines of business. We look forward to joining forces with Discovery to deepen our value to healthcare payors and the healthcare industry as a whole,” Mark Tabak, MultiPlan Chairman and CEO.