Here are 1-3 brief analogies for Claritev (CTEV):

• A more focused Medtronic for the operating room.
• Like the surgical instruments arm of Johnson & Johnson, but independent.
• Stryker for general surgery devices.

Based on the company name "Claritev" and the common association with a leading information services provider, it is highly likely that you are referring to Clarivate Plc (NYSE: CLVT), despite the symbol "CTEV" not being associated with a major public company and likely being a typo for CLVT. Here are the major services provided by Clarivate Plc:

• Web of Science: A comprehensive research platform providing curated, high-quality content for scientific and academic research, including citation data.
• Derwent: Offers comprehensive patent intelligence solutions for patent search, analysis, and landscape insights to support innovation.
• Cortellis: Provides critical drug and device intelligence to support pharmaceutical and biotech research, development, and commercialization decisions.
• CompuMark: Delivers trademark research and brand protection services, including screening, watching, and clearance.
• EndNote: A bibliographic management software that helps researchers organize references and create bibliographies.
• ScholarOne: A manuscript submission and peer review tracking system used by scholarly publishers.

Clarivate (symbol: CTEV) primarily sells its data, analytics, and software solutions to other companies and institutions rather than directly to individuals.

Due to its highly diversified global customer base, Clarivate does not disclose specific individual "major customer" names in its public filings, as no single customer or group of affiliated customers accounts for 10% or more of its total revenues. Therefore, it is not possible to list specific customer companies with their symbols. Instead, its customer base consists of a broad array of organizations across various sectors, which can be categorized as follows:

• Academic and Research Institutions: This includes universities, colleges, government research agencies, and other non-profit research organizations globally. They utilize Clarivate's scientific and academic research tools such as Web of Science and EndNote for discovery, analysis, and publication.
• Pharmaceutical and Biotechnology Companies: Leading pharmaceutical firms, emerging biotech companies, and contract research organizations (CROs) are major users of Clarivate's drug discovery and development intelligence (e.g., Cortellis) to accelerate R&D, clinical trials, and market analysis.
• Intellectual Property (IP) Professionals and Law Firms: Patent and trademark attorneys, IP departments within corporations, and specialized IP law firms rely on Clarivate's patent, trademark, and domain intelligence (e.g., Derwent, CompuMark), as well as IP management software (e.g., CPA Global), for strategy, protection, and enforcement.
• Corporations: Companies across a wide range of industries utilize Clarivate's solutions for competitive intelligence, R&D strategy, innovation management, and business development insights.

Amazon (AMZN)

The emergence of sophisticated AI-powered platforms designed for intellectual property analysis, scientific research discovery, and competitive intelligence. These platforms, frequently developed by specialized startups or integrated into broader enterprise solutions, threaten to automate and streamline tasks traditionally performed using Clarivate’s proprietary databases and analytics tools. This could lead to more efficient, cost-effective, or integrated alternatives for clients, potentially eroding demand for Clarivate’s premium subscription services.

• For its in-network payment and revenue integrity solutions, the total addressable market (TAM) is approximately $3 billion, for the U.S. region.
• Through recent corporate and product development activities, Claritev has expanded into new markets, specifically in payor risk analytics, network transparency, and analytic services. These represent an estimated total addressable market (TAM) of $17 billion, for the U.S. region.

Claritev (CTEV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

• International Expansion and Strategic Partnerships: Claritev is actively focusing on expanding its international presence and forming strategic partnerships. The launch of its advanced code editing solution in the UAE marks its first revenue from international expansion, and the company has also forged a strategic relationship with iO Health to bring AI-powered revenue cycle management optimization to the MENA Region.
• New Annual Contract Value (ACV) and Customer Growth: The company anticipates securing approximately $60 million in new annual contract value, with 60-65% of this expected to convert to revenue in 2026. Claritev has demonstrated success in expanding its market presence by adding new clients ("5 new logos") and closing a significant number of opportunities, contributing to a 67% increase in its pipeline year-to-date. Additionally, the company has successfully renewed contracts with its top ten clients, providing stability and visibility for future growth.
• Innovative Product Launches and AI-Powered Solutions: Claritev's strategic focus includes innovative product launches. Specifically, its AI-based advanced code editing (ACE) product has shown strong double-digit growth and is a solution the company aims to broadly enhance and deploy in international markets. The company leverages world-class technology and AI solutions to power a robust enterprise platform that delivers meaningful insights to drive affordability in healthcare. AI and global partnerships are also seen as drivers for monetizing higher-value healthcare solutions.
• Growth in Core Service Lines: Claritev has reported significant growth across its core service lines, including a nearly 15% increase in network revenue and a 7% rise in payment revenue integrity in Q3 2025. The payment and revenue integrity service line has delivered strong quarters driven by volume growth and higher savings yield on processed claims. The analytics-based service line revenue also grew, with solid performance in core and key growth areas.
• Favorable Pricing Environment and Healthcare Inflation: While the company remains cautious about the pricing and inflationary environment, its EVP and CFO has indicated that healthcare inflation and favorable pricing environments are potential tailwinds for future growth.

Share Repurchases

• Claritev reported $0.0 million in share repurchases for the trailing twelve months ended June 2025.
• The company did not buy back any securities in Q1 2025.

Share Issuance

• As of November 3, 2025, 16,525,644 Class A common shares were outstanding.
• A one-for-forty (1-for-40) reverse stock split became effective on September 20, 2024.
• In Q1 2025, the company had 17,179,228 shares issued and 16,436,369 shares outstanding, compared to 16,930,827 issued and 16,187,968 outstanding in Q1 2024 (prior to the reverse stock split adjustment).

Outbound Investments

• On October 27, 2025, Claritev announced a strategic investment in Klaim, Inc. to launch a co-branded Payment Acceleration Service across the U.S. and MENA regions.
• On October 8, 2025, Claritev formed a strategic relationship with iO Health to introduce AI-powered Revenue Cycle Management Optimization to the MENA Region.
• On May 8, 2023, Claritev (formerly MultiPlan Corp) acquired Benefits Science Technologies for $160.0 million in cash and stock consideration.

Capital Expenditures

• Claritev updated its capital expenditure guidance for the full year 2025 to a range of $165 million to $175 million (as of November 7, 2025).
• For the nine months ended September 30, 2025, capital expenditures totaled approximately $99.692 million.
• The primary focus of capital expenditures is investing in the business to drive organic growth, supporting the company's Vision 2030 Plan through leveraging world-class technology and AI for healthcare solutions.