---
schema_version: "secwatch.filing_event.v1"
accession: "0001793229-23-000109"
form_type: "8-K"
ticker: "CTEV"
cik: "0001793229"
company_name: "Claritev Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:26:32.805589+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MultiPlan Q2 2023 revenue $238M (-18% YoY), net loss $36.4M, acquires BST

## Summary
- Q2 2023 revenue $238.0M, down 18% from $290.1M in Q2 2022; net loss $36.4M vs net income $13.5M.
- Adjusted EBITDA $152.7M, down from $209.6M in prior-year quarter; Free Cash Flow negative $(24.3)M.
- Acquired Benefits Science Technologies on May 8, 2023 for $141.3M cash, adding new Data & Decision Science service line.
- Updated FY 2023 guidance: revenue $950M-$980M (includes BST), Adjusted EBITDA $615M-$635M.
- Q2 2023 processed $43.1B in claim charges, identifying potential savings of $5.7B; repurchased $7.4M of common stock.

## SEC filing metadata
- accession: 0001793229-23-000109
- form_type: 8-K
- ticker: CTEV
- cik: 0001793229
- company_name: Claritev Corp
- filed_at: 2023-08-02T23:59:59+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/1793229/000179322923000109/0001793229-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000109/mpln-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001793229-23-000109
- JSON: https://secwatch.observer/filing/0001793229-23-000109.json
- Plain text: https://secwatch.observer/filing/0001793229-23-000109.txt

## Key facts
- Earnings Releases
  Claritev Corp reported financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: reported results
  source text: On August 2, 2023, the Company issued a press release announcing its financial results for the second quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1793229/000179322923000109/0001793229-23-000109-index.htm

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