MultiPlan Corp. (MPLN) Reports Q3 Results, Offers Q4 Guidance
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MultiPlan Reports Third Quarter 2020 Results and Provides Fourth Quarter Guidance
November 12, 2020 6:05 AM EST-Â Revenues of $223.5 Million, an Increase of 8% from Second Quarter 2020
-Â 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
-Â Fourth Quarter Revenue Guidance of $238 to $253 Million and Adjusted EBITDA Guidance of $180 to $194 Million
-Â Acquired HST on November 10, in Support of MultiPlans Growth Strategy to Enhance, Extend and Expand its Platform
-Â Refinanced $2.7 Billion of Debt to Reduce Leverage; Projected Annual Interest Expense Savings of Approximately $70 Million
-Â First... More
