(Reuters) – A group led by former AIG boss Maurice “Hank” Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc.

Terms of the deal were not disclosed. A person familiar with the matter said the deal values MultiPlan at $4.4 billion.

MultiPlan, owned by BC Partners and Silver Lake, helps manage the claims process for big health insurers and has a network of over 900,000 healthcare providers.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.