NEW YORK, March 31, 2014 /PRNewswire/ -- Today, a group led by Starr Investment Holdings and Partners Group announced the formal completion of its acquisition of MultiPlan, Inc. from Silver Lake and BC Partners.
About MultiPlan, Inc.
Founded in 1980, MultiPlan delivers comprehensive transaction-based solutions to healthcare payers. With a network of over one million healthcare providers and extensive proprietary analytics, MultiPlan generates over $11 billion in medical cost savings on about 40 million claims annually. Leveraging technology, data and analytics, MultiPlan optimizes healthcare transactions by reducing medical costs through its network- and analytics-based solutions and by enabling efficient transaction processing through its unique technology platform.
For more information visit www.multiplan.com.
About Starr Investment Holdings, LLC
Starr Investment Holdings, LLC ("SIH"), a multi-billion dollar investment adviser, partners with and advises a wide range of institutions and family offices with a focus on long-term, sustained equity capital investments. SIH leverages the rich heritage, operating expertise and strong capital position of its largest client, the Starr Companies. As a duration-agnostic investor, SIH aligns resources, expertise and capital to maximize the value of each investment. Given the nature of its capital base, SIH is particularly well positioned to partner with owners and management teams enabling them to realize their long term vision. By minimizing the friction associated with shorter duration investing, this approach allows management to make optimal operating decisions with a view to driving long-term value creation. For more information visit www.starrholdings.com.
About Partners Group
Partners Group is a global private markets investment manager with over EUR 30 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, Sao Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 700 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 6 billion and a major ownership by its partners and employees. For more information visit www.partnersgroup.com.
SOURCE Starr Investment Holdings, LLC