Is MPLN stock a buy?

The consensus among 3 Wall Street analysts covering (NYSE: MPLN) stock is to Buy MPLN stock.

What is MPLN?

Acronym. Definition. MPLN. Molecular Pathology Laboratory Network, Inc. (

Why is MultiPlan stock dropping?

In November 2020, Muddy Waters Research wrote a short report outlining how MultiPlan was in the process of losing UnitedHealth as a customer because of the introduction of the latter’s competing Naviguard product. That report led to a 20% drop in shares.

What does MultiPlan do?

MultiPlan uses technology-enabled provider network, negotiation, claim pricing and payment accuracy services as building blocks for medical payors to customize the healthcare cost management programs that work best for them. We believe there is no such thing as a standard cost management approach.

Will Multiplan stock go up?

Stock Price Forecast The 3 analysts offering 12-month price forecasts for Multiplan Corp have a median target of 6.50, with a high estimate of 7.00 and a low estimate of 6.00. The median estimate represents a +28.71% increase from the last price of 5.05.

Is MPLN a SPAC?

III MPLN –1.28% , a special purpose acquisition company, or SPAC. Investors had election-related concerns about potential surprise billing legislation that could impact Multiplan’s business.

What kind of company is MultiPlan?

MultiPlan, Inc. provides healthcare cost management solutions. The Company specializes in providing claim cost management solutions for controlling the financial risks associated with medical bills.

Who owns MultiPlan?

Hellman & Friedman
MultiPlan is a trusted partner to over 700 healthcare payers in the commercial health, dental, government and property and casualty markets, and saves these companies approximately $19 billion annually. MultiPlan is owned by Hellman & Friedman and other investors. For more information, visit multiplan.com.

Can SPACs make you rich?

A successful SPAC acquisition can lead to a windfall for the SPAC sponsors because as part of the IPO they get to purchase up to 20% of the outstanding shares for a nominal amount of money. SPAC investing has been less profitable for individual investors.

Can you lose money on SPAC?

The complex details of SPACs can put unwitting investors at risk. Naïve investors lose because of three main issues with SPACs: misaligned incentives, dilution of shareholder value, and the cost of the SPAC listing. Each SPAC has a founder who manages the SPAC from its inception through the completion of the merger.

Who owned MultiPlan?

MultiPlan is a trusted partner to over 700 healthcare payors in the commercial health, dental, government and property and casualty markets. MultiPlan is owned by Hellman & Friedman and other investors. For more information, visit multiplan.com.

What is the largest PPO in America?

MultiPlan PHCS network
The MultiPlan PHCS network is the nation’s largest and most comprehensive independent PPO network. This network offers access in all states and includes more than 700,000 healthcare professionals, 4,500 hospitals and 70,000 ancillary care facilities.

Can you redeem SPACs for $10?

These redemption rights help incentivize investors by providing a “money-back guarantee” of sorts, allowing them to redeem their shares at the original IPO price — typically a nominal $10 per share.

Do all SPACs start at $10?

At the start of its life, the SPAC conducts an IPO by selling units at $10 each. A unit consists of one share of stock in the SPAC and typically a fraction of a warrant, which grants the owner the right to purchase a SPAC share at $11.50 after the SPAC merges with its target.

Is MultiPlan a public company?

As a public company, MultiPlan will have greater strategic and financial flexibility, making it better equipped to expand organically, through adjacent acquisitions and by investing in new technologies.

Do all SPACs fail?

According to a March 2021 study called A Sober Look at SPACs, six SPACs failed to merge, and therefore liquidated, compared to 47 that successfully merged. This amounts to a failure rate of 11% from January 2019 through June 2020.

What percentage of SPACs are successful?

More than 90 percent of recent SPACs have successfully consummated mergers (Exhibit 1). Prior to 2015, at least 20 percent of SPACs had to liquidate and return capital to investors.

What happens after 2 years SPAC?

Investors in SPACs can range from well-known private equity funds and celebrities to the general public. SPACs have two years to complete an acquisition or they must return their funds to investors.