Healthcare Finance News December 31, 2024
The transaction is expected to position MultiPlan for more sustainable long-term growth amid revenue losses this year.
MultiPlan, a data technology company that works primarily with payers, has announced refinancing to extend the maturities of its entire debt capital structure.
MultiPlan said it has entered into an agreement with certain ad hoc groups of noteholders and lenders that collectively own approximately 78% of MultiPlan’s outstanding debt.
“Our top priority is investing in our business to drive MultiPlan’s organic growth. This refinancing extends our debt maturities and will ensure that our capital structure enables us to operate as efficiently and sustainably as possible,” said MultiPlan CEO Travis Dalton.
WHY THIS MATTERS
MultiPlan’s revenues were down 5.1% in 2024, compared to 2023.
...Today's Sponsors
Today's Sponsor