Claritev Corporation

Claritev Corporation

CTEV · NYSE · Healthcare / Health Information Services

26.82USD-0.08 (-0.30%)

Price History

Full chart

Market Stats

Previous Close26.90
Open28.09
Day Range26.77 – 28.32
52-Week Range11.50 – 73.68
Volume173.98K
Market Cap393.18M
P/E (TTM)0.00
Forward P/E3.42
EPS-17.00
Dividend Yield0.00%
Beta0.89
50-Day Avg32.28
200-Day Avg27.43

About

Claritev Corporation, together with its subsidiaries, provides data analytics and technology-enabled end-to-end cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers claims intelligence solutions, including reference-based pricing, negotiation services, surprise bill services, and Vistara; network solutions, such as primary networks, complementary networks, and network build and network management services; and payment and revenue integrity solutions comprising clinical negotiation, pre-payment integrity, post-payment integrity, and revenue integrity services. It also provides data and analytics solutions consists of PlanOptix, CompleteVue, BenInsights, risk scores, and supplemental carrier services. The company provides solutions to commercial healthcare payers, third party administrators, employers, brokers/consultants, providers, government healthcare payers and system integrators. It serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, property and casualty insurers, bill review companies and other companies involved in the claims adjudication process. The company was formerly known as MultiPlan Corporation and changed its name to Claritev Corporation in February 2025. Claritev Corporation was founded in 1980 and is headquartered in McLean, Virginia.

Company Details

  • SectorHealthcare
  • IndustryHealth Information Services
  • CEOMr. Travis S. Dalton
  • Employees3.00K
  • Headquarters7900 Tysons One Place, McLean, VA, United States, 22102, USA
  • Websitehttps://www.claritev.com

Leadership

  • Mr. Travis S. DaltonCEO, President & Chairman · b. 1971
  • Mr. Douglas M. GarisExecutive VP & CFO · b. 1985
  • Mr. Jerome W. Hogge IIIExecutive VP & COO · b. 1966
  • Mr. Michael C. KimExecutive VP & Chief Digital Officer · b. 1966
  • Ms. Tiffani D. MisencikSenior VP & Chief Growth Officer · b. 1973
  • Mr. Brock AlbinsonSenior VP & Chief Accounting Officer · b. 1975
  • Ms. Tara A. O'NeilChief Legal Officer · b. 1966
  • Ms. Kristen Lambert-KennedyChief Compliance & Chief Privacy Officer
  • Ms. Melissa HumphreySenior Vice President of Marketing & Communications
  • Mr. Alwyn Van HeerdanVice President of Strategy & Corporate Development

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.04B982.90M937.76M1.12B1.08B961.52M930.62M965.41M
Growth (%)--5.57%-4.59%+19.18%-3.39%-10.95%-3.21%+3.74%
Cost of Revenue149.46M149.61M318.68M175.29M204.10M235.47M239.40M698.84M
Gross Profit891.42M833.29M619.09M942.31M875.62M726.06M691.22M266.58M
Gross Margin85.64%84.78%66.02%84.32%81.10%75.51%74.27%27.61%
Operating Expense463.88M465.08M750.91M556.19M1.24B564.07M2.08B221.52M
Operating Income427.54M368.21M-131.82M386.12M-362.73M161.98M-1.39B45.06M
Operating Margin41.07%37.46%-14.06%34.55%-33.60%16.85%-149.35%4.67%
EBITDA813.91M786.31M192.41M814.99M158.32M651.93M-1.01B475.44M
EBITDA Margin78.19%80.00%20.52%72.92%14.66%67.80%-108.30%49.25%
Net Income36.22M9.71M-520.56M102.08M-572.91M-91.70M-1.65B-284.28M
Net Income Margin3.48%0.99%-55.51%9.13%-53.06%-9.54%-176.85%-29.45%
Interest Expense383.26M376.35M335.64M267.48M303.40M333.21M326.37M400.07M
Interest Expense % of Total Revenue36.82%38.29%35.79%23.93%28.10%34.65%35.07%41.44%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-8.36B8.28B8.22B7.37B6.96B5.15B4.89B
Total Liabilities-6.38B5.73B5.88B5.58B5.26B5.07B5.06B
Total Equity-1.99B2.56B2.34B1.79B1.71B84.02M-173.90M
Cash-21.82M126.75M185.33M334.05M71.55M16.85M16.81M
Total Debt-5.43B4.61B4.93B4.78B4.57B4.54B4.63B
Net Debt-5.41B4.49B4.74B4.45B4.50B4.52B4.62B

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow292.30M284.31M377.37M404.69M372.36M171.72M107.62M117.32M
Investing Cash Flow-63.56M-66.41M-210.84M-228.38M-104.45M-249.79M-118.12M-121.02M
Financing Cash Flow-245.15M-201.09M-61.60M-114.68M-115.74M-180.99M-41.31M2.36M
Capital Expenditure63.56M66.41M70.81M84.59M89.73M108.85M118.12M129.60M
Free Cash Flow228.75M217.90M306.56M320.10M282.63M62.87M-10.51M-12.28M
FCF to OCF78.26%76.64%81.24%79.10%75.90%36.61%-9.76%-10.46%

Earnings

Report DateMay 12, 2020Sep 2, 2020Nov 12, 2020Mar 10, 2021May 13, 2021Aug 5, 2021Nov 3, 2021Feb 17, 2022May 10, 2022Aug 4, 2022Nov 8, 2022Feb 28, 2023May 4, 2023Aug 2, 2023Nov 7, 2023Feb 29, 2024May 8, 2024Aug 1, 2024Nov 5, 2024Feb 26, 2025May 8, 2025Aug 6, 2025Nov 7, 2025Feb 23, 2026May 7, 2026Aug 7, 2026Nov 6, 2026
EPS Estimate0.00--0.04-0.131.854.801.491.951.301.601.20-1.02-2.34-2.21-2.61-0.04-2.27-1.60-2.37-0.33-2.20-3.83-3.55-2.001.38-4.10-3.68
EPS Actual0.03-0.080.01-0.271.246.364.801.602.805.050.03-1.020.01-2.40-1.60-0.04-33.20-2.50-2.78-8.53-3.89-3.81-4.23-4.88-3.30-3.49-
Surprise--125.00%-106.26%-32.97%32.50%222.15%-17.95%115.38%215.63%-97.50%0.00%100.56%-8.60%38.70%0.00%-1362.56%-56.25%-17.30%-2463.87%-76.82%0.52%-19.15%-144.00%-339.13%14.88%-
Timing----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-market-

Key Statistics & Ratios

Market Cap393.18M
Enterprise Value5.10B
Trailing P/E0.00
Forward P/E3.42
Price / Sales0.40
Price / Book43.86
EPS-17.00
Book Value-17.39
Revenue (TTM)994.67M
Gross Profit (TTM)725.77M
EBITDA539.46M
Profit Margin-28.46%
Operating Margin12.80%
Return on Equity-646.34%
Return on Assets1.19%
Shares Outstanding16.95M
Shares Float5.67M
Beta0.89
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 2 analystsTarget 45.83
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
90.21%
Insiders
7.26%
Retail / Other
2.53%

Top Institutional Holders

  • H&F Corporate Investors VIII, Ltd.
    3.89M22.94%
  • Ares Management LLC
    1.86M10.99%
  • Arini Captial Management Ltd
    1.53M9.06%
  • PUBLIC INVESTMENT FUND
    1.28M7.56%
  • Beach Point Capital Management LP
    770.61K4.55%
  • BlackRock Inc
    588.00K3.47%
  • CPV Partners, LLC
    495.26K2.92%
  • Vanguard Capital Management, LLC
    430.07K2.54%
  • Caspian Capital Partners, L.P.
    356.25K2.10%
  • Prudential Financial Inc
    353.90K2.09%
  • Barclays PLC
    241.78K1.43%
  • Charles Schwab Investment Management Inc
    232.09K1.37%
  • Geode Capital Management, LLC
    189.84K1.12%
  • State Street Corp
    155.62K0.92%
  • RBF LLC
    135.31K0.80%
  • Nomura Holdings Inc
    131.76K0.78%
  • SCOGGIN LLC
    125.00K0.74%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    322.32K1.90%
  • iShares Russell 2000 ETF
    260.43K1.54%
  • Fidelity Small Cap Index
    105.35K0.62%

Stock Splits

  • Sep 23, 20241:40