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MultiPlan Receives HSR Clearance to Acquire Viant
Wednesday, March 03, 2010    
New York, NY and Naperville, IL    

MultiPlan, Inc. today announced that it has been granted early termination of the Hart-Scott-Rodino waiting period, officially clearing the company to proceed with its planned acquisition of Viant, Inc.

MultiPlan will promptly commence a process of securing an incremental senior secured term loan facility under its existing senior secured credit facility. Goldman Sachs Credit Partners L.P., Banc of America Securities LLC, and Credit Suisse Securities LLC are Joint Arrangers for the transaction.

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include but are not limited to, statements about the anticipated closing of the tender offer. These statements are based on management¿s current expectations and are inherently subject to uncertainties and changes in circumstances. All forward-looking statements included in this press release are made only as of the date of this press release, and MultiPlan does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which MultiPlan hereafter becomes aware.

About MultiPlan

MultiPlan, Inc. is the industry's most comprehensive provider of healthcare cost management solutions. The company provides over 2,300 clients with a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. Clients include large and mid-sized insurers, third party administrators, selffunded plans, HMOs and other entities that pay claims on behalf of health plans. Incorporated in 1980, MultiPlan is owned by a group of investors led by the Carlyle Group. For more information, visit www.multiplan.com

About Viant

Viant, Inc. (through its subsidiaries including Texas True Choice and national PPO network, Beech Street) provides healthcare payment solutions through primary and complementary networks, integrated network and contract management, non-network cost management services and post payment audit and recovery services to the U.S. commercial and public health insurance sectors. Viant's comprehensive and effective cost management strategies focus on timely, accurate and fair payment for providers, payers and patients.



Contact

Terry Harris
SVP, Sales & Marketing
630- 649-5346
mailto:Terry.Harris@Multiplan.com