11.05.2016 - GIC participates in Hellman & Friedman’s acquisition of MultiPlan
Singapore’s sovereign wealth fund GIC, and Leonard Green & Partners, are participating in a transaction led by private equity (PE) firm Hellman & Friedman to acquire MultiPlan, Inc., a provider of healthcare cost management solutions. Hellman & Friedman will be acquiring control of the company from Starr Investment Holdings, LLC and Partners Group, who will retain minority investments in the company on behalf of their clients. Financial terms of the transaction are undisclosed. The rise of healthcare costs in the city-state, which attained increased visibility in 2015, may be one factor motivating GIC’s participation in the investment, especially given the unfavourable demographics of the city-state, which alongside Japan is seeing a rapid rise in its geriatric population...............................................Full Article: Source
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