Katsky Korins Advises HST in $140M Sale to MultiPlan Corporation
NEW YORK (November 11, 2020) — Katsky Korins LLP partner Meryl Lynn Unger served as lead counsel to HST, an innovative healthcare technology company that enables value-based health benefit plan designs, in its $140 million acquisition by MultiPlan Corporation. In addition to Unger, the Katsky Korins team included partner Jeffrey R. Snyder. Attorneys from Foley & Lardner were co-counsel to HST on the transaction, which closed November 9. Kirkland and Ellis represented MultiPlan.
“We are pleased to have worked with HST to negotiate, structure and close this important transaction with MultiPlan,” said Unger. “Due to the needs of both sides, we were working on a compressed time frame and are gratified it came together in a way that met everyone’s unique priorities.”
MultiPlan is a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions for the U.S. healthcare industry. The acquisition of HST will enhance MultiPlan’s front-end engagement tools and will further extend the company’s capabilities and enhance its mission to improve affordability and fairness in the healthcare system.