Carlyle Group said Tuesday that it has agreed to buy MultiPlan Inc., an independent network of health-care providers.
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The deal is expected to close in the second quarter; its terms were not disclosed.
New York-based MultiPlan's 2,000 clients include large and midsize insurers, third-party administrators, self-funded plans, HMOs, and other entities that pay claims on behalf of health plans. The company's top 10 clients together deliver health coverage to more than 70 million people.
Carlyle Group is a Washington-based private investment firm with more than $30 billion of assets.
The Centers for Medicare and Medicaid has estimated that spending on health care last year surpassed $1 trillion in the commercial sector, MultiPlan's target market.
