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News

MultiPlan Completes All-Stock Acquisition of Viant

Creates Nation's Most Comprehensive Provider of Healthcare Cost Management Services

MultiPlan

Contacts:

Communications & Marketing
Susan Mohler
VP, Communications & Marketing
Phone: 831-427-1831
E-mail: Susan.Mohler@multiplan.com

Monday, March 15, 2010
New York, NY -


MultiPlan, Inc. announced today that it has acquired Viant, Inc., bringing together the considerable expertise and complementary solutions of both companies to produce what MultiPlan believes will be the industry's most comprehensive provider of healthcare cost management services.


"The timing couldn't be better for Viant to join the MultiPlan family, as containment of healthcare costs has become the nation's imperative," said Mark Tabak, MultiPlan's Chief Executive Officer. "Together,we plan to more effectively leverage our companies' combined expertise and technology to improve efficiencies and patient flow for providers, driving significant savings for healthcare consumers and payers."


Founded in 1980, MultiPlan is a provider of PPO network and related transaction-based solutions that reduce the per-unit costs of healthcare claims. MultiPlan contracts directly with over 5,000 hospitals, 115,000 ancillary care facilities and 625,000 practitioners who participate in the company's national primary and complementary PPO networks.


Established in 1990 as Preferred Payment Systems, Inc., Viant today offers PPO networks, network management, pre-payment and post-payment services to commercial and government clients. Viant's networks represent approximately 5,400 hospitals, 95,000 ancillary facilities and 600,000 practitioners.


Added Tabak, "With our combined product lines, MultiPlan has a solid foundation from which to develop new solutions as healthcare reforms take shape. We look forward to working with our new colleagues at Viant to meet the needs of this changing marketplace."


Together, MultiPlan and Viant offer healthcare payers an end-to-end solution for managing healthcare unit costs on a pre- and post-payment basis.


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


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including with respect to the results of the integration of Viant. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur.


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.