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MultiPlan Reports Third Quarter 2020 Results and Provides Fourth Quarter Guidance

NEW YORK — MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, today announced financial results for the quarter ended September 30, 2020.

November 12, 2020 |
(NYSE:MPLN) MultiPlan Announces
  • Revenues of $223.5 Million, an Increase of 8% from Second Quarter 2020
  • Net Loss of $288.4 Million, an Increase of 413% from Second Quarter 2020
  • Adjusted EBITDA of $165.5 Million, an Increase of 10.5% from Second Quarter 2020
  • Fourth Quarter Revenue Guidance of $238 to $253 Million and Adjusted EBITDA Guidance of $180 to $194 Million
  • Acquired HST on November 10, in Support of MultiPlan’s Growth Strategy to Enhance, Extend and Expand its Platform
  • Refinanced $2.7 Billion of Debt to Reduce Leverage; Projected Annual Interest Expense Savings of Approximately $70 Million
  • First Earnings Conference Call as a Public Company Today, Thursday, November 12 at 8:00 a.m. Eastern Time

NEW YORK — MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, today announced financial results for the quarter ended September 30, 2020.

Read the full release >

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