2010 Annual Report - The Carlyle Group

Improving performance in the healthcare sectorMultiPlan is the nation’s largest healthcare preferred provider organization and the industry’smost comprehensive supplier of independent, network-based cost management solutions. It hasmore than half a million healthcare providers under contract, an estimated 40 million consumersaccessing its network products and processes some 70 million claims each year. After four years ofownership, Carlyle sold MultiPlan in 2010 in one of the largest private equity exits of the year in atransaction that valued the company at $3.1 billion.MultiPlan grew aggressively under our guidance and encouragement. For example, the companyorganically grew its fee negotiation business and acquired two companies during our period ofownership. These acquisitions, coupled with management’s growth initiatives, enabled MultiPlan toexpand its network, broaden its claims capture and deepen its discounts. The outcome: significantgrowth in both revenue and EBITDA.The deal is an example of how our industry expertise can help improve a company’s performanceand add value to an investment.$3.1 BillionAfter four years of ownership, Carlyle soldMultiPlan in 2010 in one of the largest privateequity exits of the year in a transaction thatvalued the company at $3.1 billion.Stephen H. WiseManaging DirectorGlobal Healthcare Team18 The Carlyle groupKaren H. BechtelManaging Director andHead of the GlobalHealthcare Team