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 | Douglas Garis Chief Financial Officer, Executive Vice President, Treasurer |
| Jerome W. Hogge Chief Operating Officer, Executive Vice President | Carol H. Nutter Chief People Officer, Senior Vice President | Michael C. Kim Senior Vice President, Chief Information Officer | William Mintz Senior Vice President - Corporate Affairs and Strategy |
| 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 six months ended 30 June 2024, Multiplan Corp revenues decreased 1% to $468M. Net loss increased from $36.2M to $1.12B. Revenues reflect United States segment decrease of 2% to $233.5M. Higher net loss reflects United States segment loss totaling $523.9M vs. income of $34.7M. Basic Earnings per Share excluding Extraordinary Items decreased from -$0.06 to -$1.73. |
| Employees: | 2,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,626M as of Jun 30, 2024 |
| Annual revenue (TTM): | $954.92M as of Jun 30, 2024 |
| EBITDA (TTM): | $572.52M as of Jun 30, 2024 |
| Net annual income (TTM): | -$1,172M as of Jun 30, 2024 |
| Free cash flow (TTM): | $58.26M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $4,475M as of Jun 30, 2024 |
| Shares outstanding: | 658,127,871 as of Sep 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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