---
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"
generated_at: "2026-06-15T09:44:26.836305+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MultiPlan acquires Benefits Science LLC for $160M in cash and stock; targets >$100M incremental revenue

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001793229-23-000078
- JSON: https://secwatch.observer/filing/0001793229-23-000078.json
- Plain text: https://secwatch.observer/filing/0001793229-23-000078.txt

## Key facts
- M&A Transactions
  Claritev Corp completed an acquisition involving Benefits Science LLC for $160.0 million (closed 2023-05-08).
  - Action: acquisition
  - Counterparty: Benefits Science LLC
  - Consideration: $160.0 million
  - Closing: 2023-05-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/0001793229-23-000078-index.htm
- Material Agreements
  Claritev Corp entered into Unit Purchase Agreement with Benefits Science LLC valued at $160.0 million (effective 2023-05-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Benefits Science LLC
  - Value: $160.0 million
  - Effective: 2023-05-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000078/0001793229-23-000078-index.htm

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