{"schema_version":"secwatch.filing_event.v1","accession":"0001793229-23-000078","form_type":"8-K","ticker":"CTEV","cik":"0001793229","company_name":"Claritev Corp","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.624764+00:00","generated_at":"2026-06-15T09:44:26.836305+00:00","sec_items":["1.01","2.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MultiPlan acquires Benefits Science LLC for $160M in cash and stock; targets >$100M incremental revenue","bullets":["Total consideration $160M: $140.8M cash + 21.6M shares of MPLN common stock; BST becomes wholly owned indirect subsidiary.","BST projected 2023 standalone revenue ~$16M with breakeven profitability; MultiPlan expects >$100M incremental annual revenue within several years.","Long-term incentive plan for BST management: up to $66M target + $16.5M max over 3-5 years based on annual recurring revenue targets.","BST's platform connects with over 160 carriers, serves ~75,000 employers; adds AI/ML capabilities to MultiPlan's new Data & Decision Science service line."],"urls":{"canonical":"https://secwatch.observer/filing/0001793229-23-000078","json":"https://secwatch.observer/filing/0001793229-23-000078.json","markdown":"https://secwatch.observer/filing/0001793229-23-000078.md","text":"https://secwatch.observer/filing/0001793229-23-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/0001793229-23-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/mpln-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:44:26.836305+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"164ef544d5c310e9b22cd29a3b33d02305c59be1","claim":"Claritev Corp completed an acquisition involving Benefits Science LLC for $160.0 million (closed 2023-05-08).","evidence_excerpt":"On May 8, 2023, Buyer purchased all of the issued and outstanding equity interests of Benefits Science Technologies (the \" Acquisition \") for aggregate consideration of $160.0 million paid at the closing of the Acquisition","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/0001793229-23-000078-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Benefits Science LLC"},{"label":"Consideration","value":"$160.0 million"},{"label":"Closing","value":"2023-05-08"}],"fact_type":"ma_transaction"},{"claim_id":"b4f866817e0602ba206f2bd84e1dcd9b8d39be5f","claim":"Claritev Corp entered into Unit Purchase Agreement with Benefits Science LLC valued at $160.0 million (effective 2023-05-08).","evidence_excerpt":"On May 8, 2023, Babylon Acquisition Corp., a Delaware corporation and recently formed, wholly owned, indirect subsidiary of MultiPlan (\" Buyer \"), Benefits Science LLC, a Texas limited liability company (\" Benefits Science Technologies \" or \" BST \"), the sellers listed on the signature pages thereto (\" Sellers \"), MultiPlan, solely for purposes of Section 2.2(a)(ii), MultiPlan, Inc., a New York corporation, solely for purposes of Section 2.2(f)(ii)(x), and WT Representative LLC, solely in its capacity as representative to the Sellers, entered into that certain Unit Purchase Agreement (the \" Purchase Agreement \") pursuant to which, on May 8, 2023, Buyer purchased all of the issued and outstanding equity interests of Benefits Science Technologies (the \" Acquisition \") for aggregate consideration of $160.0 million paid at the closing of the Acquisition in the form of (i) cash consideration in an aggregate amount of approximately $140.8 million, subject to customary adjustments for working","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/0001793229-23-000078-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Benefits Science LLC"},{"label":"Value","value":"$160.0 million"},{"label":"Effective","value":"2023-05-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}