MultiPlan Q2 revenue down 1.9%, net loss $576.7M on $553.7M goodwill impairment, cuts FY guidance sharply

Claritev Corp

2024-Q2 EPS reported -$1.73 revenue$467,984,000

Q2 revenues $233.5M (-1.9% YoY); net loss $576.7M incl. $553.7M goodwill impairment.
Adjusted EBITDA $146.7M (down from $152.7M); identified potential savings $6.2B (+9% YoY).
CFO transition: Doug Garis named incoming CFO (effective date not specified).
FY2024 guidance cut: revenue now $935M-$955M (prior $1B-$1.03B); Adj EBITDA $580M-$595M (prior $630M-$650M).
Q3 guidance: revenue $230M-$245M; Adj EBITDA $140M-$150M.

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