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AIG American International Group Inc

75.31
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American International Group Inc NYSE:AIG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 75.31 0 01:00:00

Private-Equity Firm Near Deal to Buy MultiPlan

03/05/2016 11:09pm

Dow Jones News


American (NYSE:AIG)
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By Liz Hoffman and Dana Cimilluca 

Private-equity firm Hellman & Friedman LLC is nearing a deal to buy health-care services provider MultiPlan Inc. for about $7.5 billion including debt, in what would be one of the largest recent leveraged buyouts.

Hellman & Friedman is in advanced talks with MultiPlan's owner, Starr Investment Holdings LLC, according to people familiar with the matter. A deal for MultiPlan, which processes claims for big insurers, could come this week, they said. As always, there is no guarantee an agreement will be reached.

It has been a fallow stretch for private-equity firms, which have struggled to make acquisitions as a result of high valuations and choppy debt markets.

Starr, which is part of the insurance and investment conglomerate run by former American International Group Inc. chief Maurice "Hank" Greenberg, paid $4.4 billion for MultiPlan in 2014.

 

(END) Dow Jones Newswires

May 03, 2016 17:54 ET (21:54 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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