The Carlyle Group, NGN Capital and Welsh, Carson, Anderson & Stowe have entered into a definitive agreement to sell Multiplan to BC Partners and Silver Lake for $3.1 billion. BofA Merrill Lynch, Barclays Capital and Credit Suisse are providing the debt financing for the transaction. Multiplan is a provider of healthcare cost management solutions and was acquired by Carlyle and NGN Capital in a $1.04 billion LBO in 2006. WCAS first invested in Multiplan in 2007 and sold its portfolio company Viant to the company earlier this year.
77 PE investors have invested in 114 companies in the Healthcare Services industry since the beginning of 2009, according to the PitchBook Platform. Activity in the industry is back on the rise this year after the industry was seen as one of the winners in the new healthcare legislation. While there were 59 completed or announced deals in all of 2009, there have already been 55 so far this year. Clinics/Outpatient Services has drawn the most interest from PE investors with 27 deals occurring in the space, followed by Hospitals/Inpatient Services (17) and Elder & Disabled Care (15). The most active investors over the same time period include Welsh, Carson, Anderson & Stowe (5 deals), Waud Capital Partners (4) and Clearview Capital (3).