Multiplan Corp (N:MPLN)
Business Focus: Data Processing Services
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 115 Fifth Avenue NEW YORK NY 10003 |
| Tel: | 1-866-9097427 |
| Website: | https://www.multiplan.us |
| IR: | See website |
| Key People | ||
| Dale A. White Executive Chairman of the Board | Travis S. Dalton President, Chief Executive Officer, Director | James M. Head Chief Financial Officer, Executive Vice President |
| Jerome W. Hogge Chief Operating Officer, Executive Vice President | Carol H. Nutter Chief People Officer, Senior Vice President | Jeffrey A. Doctoroff Executive Vice President, General Counsel, Secretary | Michael C. Kim Senior Vice President, Chief Information Officer |
| Business Overview |
| MultiPlan Corporation is a provider of data analytics and technology-enabled end-to-end cost management, as well as payment and revenue integrity solutions to the United States healthcare industry. The Company interprets customer's needs and customizes solutions that combine its payment and revenue integrity, network-based, analytics-based, and data and decision science services. Through its data and technology platform, the Company provides out-of-network cost management, payment and revenue integrity, data and decision science, business-to-business (B2B) healthcare payments and other services to the payors of healthcare, which are primarily health insurers and their administrative-services-only (ASO) platforms, self-insured employers, federal and state government-sponsored health plans and other health plan sponsors, and, indirectly, the plan members who are the consumers of healthcare services. The Company is a partner to over 700 healthcare payors, brokers, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Multiplan Corp revenues decreased 11% to $961.5M. Net loss decreased 84% to $91.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Loss on impairment of goodwill and intan decrease from $662.2M (expense) to $0K, Transaction-related expenses decrease of 77% to $8.1M (expense). |
| Employees: | 2,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,901M as of Dec 31, 2023 |
| Annual revenue (TTM): | $961.52M as of Dec 31, 2023 |
| EBITDA (TTM): | $593.42M as of Dec 31, 2023 |
| Net annual income (TTM): | -$91.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | $62.87M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $4,474M as of Dec 31, 2023 |
| Shares outstanding: | 655,754,577 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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