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

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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