Added to YB: 2026-02-16
Pitch date: 2025-12-04
CTEV [bullish]
Claritev Corporation
-36.29%
current return
Author Info
No bio for this author
Company Info
Claritev Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States.
Market Cap
$379.9M
Pitch Price
$36.59
Price Target
40.00 (+72%)
Dividend
N/A
EV/EBITDA
9.50
P/E
-1.10
EV/Sales
5.26
Sector
Health Care Technology
Category
turnaround
Claritev Corporation - $CTEV
CTEV: Healthcare IT gatekeeper for OON payment rates. New Oracle mgmt joined 2024, buying stock. Jan 2025 debt exchange pushed maturities to 2030-31. UNH loss (ex-largest customer) rolled off Q2'25, returning to LSD growth 2026, MSD after. Top 3 customers 50% rev; 70% contracts renewed 1+ yrs. Trading ~9x EBITDA vs 10x+ for software cos. Expect 2x upside from 0.5x annual deleveraging + EBITDA growth + 1x multiple expansion to 10x. Risks: $4.6B debt, revenue concentration, H&F exit overhang, MDL litigation (resolution early 2030s), Zelis competition
Read full article (5 min)