Simpson Thacher represented MultiPlan in connection with its role as the lead investor in a Series C financing round in Abacus Insights, Inc. (“Abacus”). Abacus plans to use the Series C funds to scale the business, accelerate the capabilities and connections of its technology platform, and add to its roster of technology talent.
Abacus is a leader in data management and interoperability solutions for healthcare payors, enabling health plans to offer a seamless, personalized care experience for members by reconciling thousands of unique attributes about individual consumers and their health that legacy systems simply cannot. Abacus’s comprehensive technology platform enables healthcare payors to achieve and accelerate initiatives across their core priority areas, including value-based care, member engagement and digital transformation. Today, Abacus Insights with its health plan clients manage data for more than 21 million unique members and 15 million consumers.
The Simpson Thacher team includes Atif Azher, Mark Myott and Christian Segar (M&A); Lori Lesser, Bobbie Burrows and Mark Natividad (Intellectual Property and Data Privacy); David Rubinsky, Alisa Tschorke and Guanxiong Xu (ECEB); and Russell Light (Tax).