Healthcare cost management provider MultiPlan said it has completed its acquisition of Naperville, Ill.-based Viant, which provides cost-control strategies to healthcare payers through its PPO network, network management, pre-payment and post-payment services. Financial terms of the deal—which was announced last August—were not disclosed.
Founded 30 years ago, MultiPlan contracts directly with more than 5,000 hospitals, 115,000 ancillary care facilities and about 625,000 practitioners who participate in the company’s national primary and complementary PPO networks. Viant was established as Preferred Payment Systems in 1990, and its networks represent about 5,400 hospitals, 95,000 ancillary facilities and 600,000 practitioners.
“The timing couldn’t be better for Viant to join the MultiPlan family, as containment of healthcare costs has become the nation’s imperative,” Mark Tabak, CEO of MultiPlan, said in a news release about the deal.
MultiPlan, whose software analyzes electronic claims, is owned by a group of investors led by the Carlyle Group.