---
schema_version: "secwatch.filing_event.v1"
accession: "0001793229-23-000075"
form_type: "8-K"
ticker: "CTEV"
cik: "0001793229"
company_name: "Claritev Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:43:48.993047+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MultiPlan Q1 revenue down 21% YoY to $236.6M; net income falls 99.5% to $0.2M

## Summary
- Q1 2023 revenue $236.6M (down 20.6% YoY); net income $0.2M (down 99.5% YoY).
- Adjusted EBITDA $156.3M (down 30.7% YoY); free cash flow $41.1M (down from $170.4M).
- Repurchased $137.8M face value of 5.75% Senior Unsecured Notes and $5.7M of common stock.
- Reaffirmed FY 2023 guidance: revenue $925-975M, Adj EBITDA $600-650M; Q2 rev $220-235M.
- Processed $39.7B in claim charges, identified $5.6B potential medical cost savings (up 3% QoQ).

## SEC filing metadata
- accession: 0001793229-23-000075
- form_type: 8-K
- ticker: CTEV
- cik: 0001793229
- company_name: Claritev Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000075/0001793229-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000075/mpln-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001793229-23-000075
- JSON: https://secwatch.observer/filing/0001793229-23-000075.json
- Plain text: https://secwatch.observer/filing/0001793229-23-000075.txt

## Key facts
- Earnings Releases
  Claritev Corp reported the first quarter ended March 31, 2023 results: revenue $236.6 million, net income $0.2 million. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $236.6 million
  - Net income: $0.2 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: – Q1 2023 Revenues of $236.6 million, Net Income of $0.2 million, and Adjusted EBITDA of $156.3 million –
  evidence_url: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000075/0001793229-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.