MultiPlan
Coverage of MultiPlan in the Nexus archive.
- Multiplan Posts Record Revenue as Profit and Shares Fall
Brazilian mall giant Multiplan reported record revenue and strong occupancy, but experienced a year-on-year profit decline and a negative market reaction due to one-off tax credits, leading to a drop in shares.
- Brazilian shopping-mall operator Multiplan sees Squadra lift stake to 5.01%
Squadra increased its stake in Brazilian shopping-mall operator Multiplan to 5.01%, requiring public disclosure in Brazil. The move is described as passive, with no intention to alter Multiplan's management or control structure.
- Bath & Body Works Lands in Brazil, 40 Countries Late
Bath & Body Works is opening its first Brazilian store at MorumbiShopping in São Paulo, spanning 140 square metres. Multiplan (B3: MULT3) is investing R$233m ($45m) in the project.
- Arizona sues MultiPlan, major insurers, alleging a ‘cartel’ that underpaid doctors and hospitals
Arizona Attorney General Kris Mayes filed a lawsuit against MultiPlan (now Claritev) and major insurers like Aetna, Cigna, and UnitedHealthcare, alleging they colluded to use a proprietary algorithm to set lower rates for out-of-network care, underpaying providers and shifting costs to patients. The lawsuit claims this violated Arizona’s anti-trust and consumer fraud laws, while MultiPlan denied the allegations, stating the case is 'without merit.'