An executive and an investment bank are turning to Wall Street to help finance the acquisition of the largest independent U.S. preferred provider organization company.

MultiPlan Inc., New York, says it will be borrowing $250 million by issuing notes due 2016 through a private placement.

The Carlyle Group, New York, an investment firm, announced earlier this year that it was helping a member of MultiPlan’s management team help buy MultiPlan from its current owners.

Carlyle and a “member of MultiPlan’s senior management” intend to use the proceeds from the note offering to help the MultiPlan manager and other investors pay for MultiPlan, MultiPlan says.