Feb. 17 (Bloomberg) — Maurice "Hank" Greenberg's Starr Investment Holdings agreed to buy Multiplan Inc., which manages insurance claims on behalf of large insurers, from two private equity firms.
Starr teamed up with Partners Group AG of Switzerland to purchase Multiplan from BC Partners and Silver Lake Management, the firms said in a statement today.
The purchase price is about $4.4 billion, according to two people with knowledge of the transaction who asked not to be identified because they weren't authorized to speak publicly. The two private equity firms purchased Multiplan for about 2.5 billion euros ($3.4 billion) in 2010. Officials at Starr and Multiplan didn't immediately return calls seeking comment.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
