MultiPlan Corp. (MPLN) Reports Q3 Results, Offers Q4 Guidance

Go back to MultiPlan Corp. (MPLN) Reports Q3 Results, Offers Q4 Guidance

MultiPlan Reports Third Quarter 2020 Results and Provides Fourth Quarter Guidance

November 12, 2020 6:05 AM EST

- Revenues of $223.5 Million, an Increase of 8% from Second Quarter 2020

- Net Loss of $288.4 Million, an Increase of 413% from Second Quarter 2020

- Adjusted EBITDA of $165.5 Million, an Increase of 10.5% from Second Quarter 2020

- Fourth Quarter Revenue Guidance of $238 to $253 Million and Adjusted EBITDA Guidance of $180 to $194 Million

- Acquired HST on November 10, in Support of MultiPlans Growth Strategy to Enhance, Extend and Expand its Platform

- Refinanced $2.7 Billion of Debt to Reduce Leverage; Projected Annual Interest Expense Savings of Approximately $70 Million

- First... More