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New Deal


Announced

Completed

MultiPlan led a $28m Series C funding round in Abacus Insights.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data management

Completed

Domestic

Private

United States

Venture Capital

Information / Data Services

Private Equity

Friendly

enterprise systems

Minority

Acquisition

Synopsis

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MultiPlan, a value-added provider of data analytics, cost management, and payment and revenue integrity solutions, led a $28m Series C funding round in Abacus Insights, a provider of data management and interoperability solutions, with participation from Blue Venture Fund, CRV, .406 Ventures, Horizon Healthcare Services and Echo Health Ventures. “This new funding validates our company’s mission, which is to help health plans liberate health data. Doing so empowers consumers to make better health choices and physicians to make more informed treatment decisions. Payors also use the platform to drive efficiency in their business which further lowers costs for their members. We are proud to partner with MultiPlan given their leadership position in data and analytics serving nearly every payor in the country," Minal Patel, Abacus Insights Founder and CEO.

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