secwatch.observer — SEC 8-K summary
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Issuer:     Claritev Corp (CTEV)
CIK:        0001793229
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001793229-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MultiPlan Q4 rev $241.1M, net loss $650.1M (incl $662.2M impairment); FY23 rev guidance $925M-$975M
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- Q4 2022 revenue $241.1M, down 19.2% YoY; net loss $650.1M vs net income $24.9M in Q4 2021.
- Full year 2022 revenue $1,079.7M, down 3.4% YoY; Adjusted EBITDA $768.7M vs $838.3M in 2021.
- Recorded $662.2M impairment of goodwill and indefinite-lived intangibles in Q4 2022.
- FY 2023 guidance: revenue $925M-$975M, Adjusted EBITDA $600M-$650M.
- Repurchased $136M face value of 5.75% notes in Q4; Board authorized $100M share repurchase program through Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1793229/000179322923000008/0001793229-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1793229/000179322923000008/mpln-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001793229-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer