News & Events

Simpson Thacher recently represented MPH Acquisition Holdings LLC (“MultiPlan”) in connection with MultiPlan’s private placement of $460 million aggregate principal amount of 7.125% Senior Notes due 2024 (the “New Notes”). The New Notes were issued as additional notes under the same indenture governing MultiPlan’s $1.1 billion aggregate principal amount of 7.125% Senior Notes due 2024 that were issued on June 7, 2016 (the “Original Notes”). The New Notes have identical terms to, and will be treated as a single series with, the Original Notes.

MultiPlan, Inc., an operating subsidiary of MultiPlan, is the nation’s largest provider of transaction-based solutions that reduce medical costs. MultiPlan, Inc. provides a single gateway to a host of analytics-and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. Clients include large and mid-sized health plans, third party administrators, self-insured employers, HMOs and other entities that pay medical bills in the commercial healthcare, government, workers’ compensation and auto medical markets.

The Simpson Thacher team included William Brentani, Ryan Coombs and Duncan Taylor (Capital Markets); and Tanvi Mirani (Tax).