Transition Aligned with Company’s Growth
Strategy and Next Phase of Product Innovation
MultiPlan Corporation (NYSE:MPLN) (“MultiPlan” or the
“Company”), a leading value-added provider of data analytics and
technology-enabled end-to-end cost management solutions to the U.S.
healthcare industry, announced that Travis Dalton will join the
Company as President and CEO on March 1, 2024. He will succeed Dale
White, who will remain active as Executive Chair of the Company,
succeeding current Chair Mark Tabak.
With over 20 years in healthcare technology leadership positions
at Cerner Corporation and Oracle Health, Mr. Dalton is a proven
leader with deep experience in leveraging technology, data, and
analytics to enable better health outcomes and ensure client
success in complex operating environments. He joined Cerner in 2001
and held senior executive roles across a number of enterprise and
growth market areas. He was responsible for the launch and
development of two key market business units which he grew to
scale. He also drove large-scale technology engagements connecting
market and product innovations to deliver client value. During his
tenure at Cerner, the company grew revenue from $500 million in
2001 to $5.7 billion in 2021. Mr. Dalton was named general manager
of Oracle Health when the acquisition of Cerner was completed in
2022.
Mr. Dalton joins MultiPlan at the early stages of its Growth
Plan engineered to propel the Company’s competitive advantage
through new product investment, building upon the value of
MultiPlan’s platform and customer relationships. The Company has
already made significant progress advancing that plan since
announcing it in February 2023, including establishing a new Data
& Decision Science service line with the acquisition of
Benefits Science Technologies and the addition of B2B healthcare
payment services through a partnership with ECHO Health.
“With our Growth Plan underway, now is the right time to bolster
the leadership team, expand our operating capability, and
supercharge our product development,” said Mr. White. “I welcome
Travis as my successor. He is a proven leader with experience
driving and scaling product innovation, who is focused on
delivering customer value, and has the exact capabilities to lead
us through this exciting next chapter.”
As Executive Chair, Mr. White will work closely with Mr. Dalton
to drive the Growth Plan forward, leveraging his extensive industry
contacts and longstanding relationships with key customers. Mr.
Tabak will remain on the Board as a director through the remainder
of his term, which concludes in April, 2024.
“I’m excited to join MultiPlan at this pivotal time as it
transforms customer value with the addition of significant new
capabilities to its industry leading technology platform,” Mr.
Dalton said. “Healthcare is too important to remain the same, and I
believe MultiPlan has a vital role to play at the intersection of
healthcare, data and information technology. I’m passionate about
the potential for cutting edge products and enhanced data and
analytics to solve the healthcare industry’s most pressing business
challenges. MultiPlan’s platform, people, solutions and growth
strategy are strongly positioned to deliver on that promise.”
“On behalf of the Board of Directors, I want to thank Dale for
his invaluable contributions to MultiPlan and his willingness to
remain active with key customers in driving the Growth Plan as
Executive Chair,” said Mark Tabak, Chair of the Board of MultiPlan.
“No one has been more devoted to the Company’s mission, its
customers and its employees than Dale, and it has been a privilege
to have partnered with him as we built this great company.”
Added Dale White, “In his 23 years leading and guiding the
Company, Mark Tabak has seen us through unprecedented
transformation, taking MultiPlan from a small, single product
company to a market leader in healthcare affordability with a full
suite of services for commercial, government and property/casualty
health plans. I have worked closely with him since joining
MultiPlan in 2004, and there is no better partner for driving
growth. On behalf of our entire company, I extend our thanks and
best wishes.”
About MultiPlan
MultiPlan is committed to delivering affordability, efficiency,
and fairness to the US healthcare system by helping healthcare
payors manage the cost of care, improve their competitiveness and
inspire positive change. Leveraging sophisticated technology, data
analytics and a team rich with industry experience, MultiPlan
interprets customers’ needs and customizes innovative solutions
that combine its payment and revenue integrity, network-based and
analytics-based services. MultiPlan is a trusted partner to over
700 healthcare payors in the commercial health, government, and
property and casualty markets. For more information, visit
multiplan.com.
Forward Looking
Statements
This press release contains forward-looking statements. These
forward-looking statements can generally be identified by the use
of forward-looking terminology, including the terms “believes,”
“estimates,” “anticipates,” “expects,” “seeks,” “projects,”
“forecasts,” “intends,” “plans,” “may,” “will” or “should” or, in
each case, their negative or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts, including the discussion in this
press release of the expected leadership transitions and the
anticipated impact thereof on the Company, as well as the Company’s
growth plan. The forward-looking statements are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and speak only as of the date they are made. Any
forward-looking statements that we make herein are not guarantees
of future performance and actual results may differ materially from
those in such forward-looking statements as a result of various
factors. Factors that may impact such forward-looking statements
also include the factors discussed under “Risk Factors” in the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 and our Quarterly Report on Form 10-Q for the
quarter and nine months ended September 30, 2023; and other factors
beyond our control. Should one or more of these risks or
uncertainties materialize, or should any of the assumptions prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. The Company’s
periodic and other filings are accessible on the SEC’s website at
www.sec.gov. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20240103384985/en/
Investor Relations Luke Montgomery, CFA SVP, Finance
& Investor Relations MultiPlan 866-909-7427
investor@multiplan.com
Shawna Gasik AVP, Investor Relations MultiPlan 866-909-7427
investor@multiplan.com
Media Relations Kahler Buckley Matter Communications for
MultiPlan 860-604-1073 MultiPlan@matternow.com
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