Claritev Corp. to be Acquired by Hellman & Friedman
Ticker: CTEV · Form: 8-K · Filed: Oct 16, 2025 · CIK: 1793229
| Field | Detail |
|---|---|
| Company | Claritev CORP (CTEV) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, private-equity
TL;DR
Claritev Corp. is being bought by Hellman & Friedman, deal expected Q1 2026.
AI Summary
Claritev Corp. announced on October 15, 2025, that it has entered into a definitive agreement to be acquired by an affiliate of Hellman & Friedman LLC. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions. This marks a significant change in ownership for the company.
Why It Matters
This acquisition by a private equity firm could lead to significant strategic changes for Claritev Corp., potentially impacting its operations, management, and future public market presence.
Risk Assessment
Risk Level: medium — The acquisition is subject to closing conditions, and the terms of the deal could change before completion.
Key Players & Entities
- Claritev Corp. (company) — Registrant
- Hellman & Friedman LLC (company) — Acquiring entity
- October 15, 2025 (date) — Date of agreement
- First quarter of 2026 (date) — Expected closing period
FAQ
What is the name of the acquiring entity?
The acquiring entity is an affiliate of Hellman & Friedman LLC.
When was the definitive agreement for the acquisition announced?
The definitive agreement was announced on October 15, 2025.
When is the acquisition expected to close?
The transaction is expected to close in the first quarter of 2026.
What are the conditions for the acquisition to close?
The acquisition is subject to customary closing conditions.
What was Claritev Corp.'s former name?
Claritev Corp. was formerly known as MultiPlan Corp, Churchill Capital Corp III, and Butler Acquisition Corp.
Filing Stats: 504 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2025-10-16 16:44:32
Key Financial Figures
- $0.0001 — tered Shares of Class A Common Stock, $0.0001 par value per share CTEV New York Stoc
Filing Documents
- ctev-20251015.htm (8-K) — 22KB
- 0001793229-25-000160.txt ( ) — 134KB
- ctev-20251015.xsd (EX-101.SCH) — 2KB
- ctev-20251015_lab.xml (EX-101.LAB) — 21KB
- ctev-20251015_pre.xml (EX-101.PRE) — 12KB
- ctev-20251015_htm.xml (XML) — 3KB
01
Item 8.01 Other Events As of October 15, 2025, Claritev Corporation (the "Company") has successfully renewed contracts with its ten largest clients (based on fiscal year 2024 revenues) during the current year, inclusive of automatically renewing contracts that were each renewed for one year. This group of clients represented approximately 70% of total 2024 revenues and, excluding the clients that have automatically renewing contracts, approximately 57% of total 2024 revenues. Within this group of our largest clients, the weighted average contract term is greater than three years, excluding the clients that have automatically renewing one-year contracts. By extending its long-term agreements, the Company reinforces its commitment to stability, growth, and partnership with its core clients. The Company remains focused on improving affordability, transparency, and quality by leveraging technology and artificial intelligence solutions to power a robust enterprise platform that delivers meaningful insights across its market verticals.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 16, 2025 Claritev Corporation By: /s/ Douglas M. Garis Name: Douglas M. Garis Title: Executive Vice President and Chief Financial Officer