August 18, 2017 10:04 PM ET

Health Care Technology

Company Overview of Change Healthcare Holdings, Inc.

Company Overview

Change Healthcare Holdings, Inc., through its subsidiaries, provides software and analytics, network solutions, and technology-enabled services for healthcare market. The company operates in three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers payment and reimbursement optimization and decision support solutions that include revenue cycle technology, revenue optimization, payment integrity, electronic payment, risk adjustment, quality reporting, data and analytics, and engagement solutions. The Network Solutions segment provides network solutions offerings comprising financial and administrative information exch...

3055 Lebanon Pike

Suite 1000

Nashville, TN 37214

United States

Founded in 2006

5,000 Employees

Phone:

615-932-3000

Key Executives for Change Healthcare Holdings, Inc.

Chief Executive Officer, President and Director
Age: 56
Chief Financial Officer and Executive Vice President
Age: 59
Executive Vice President of Operations
Executive VP of Change Healthcare, CEO of Altegra Health and President of Altegra Health
Chief Information Officer and Executive Vice President of Research & Development
Age: 55
Compensation as of Fiscal Year 2017.

Change Healthcare Holdings, Inc. Key Developments

Mckesson Corporation and Change Healthcare Holdings inc creates New Healthcare Information Technology Company, Names Change Healthcare

McKesson Corporation and Change Healthcare Holdings Inc. completed their agreement to create a new healthcare information technology company, named Change Healthcare. The new company combines substantially all of Change Healthcare's business and the majority of McKesson Technology Solutions. The migration to the new brand will happen in 2018. McKesson owns about 70% of Change Healthcare, with the remaining equity ownership held by Change Healthcare stockholders, including Blackstone Group LP and Hellman & Friedman LLC. The new company is jointly governed by McKesson and Change Healthcare stockholders.

Change Healthcare Launches Personalized Communications to Improve Consumer Payment Solutions

Change Healthcare has debuted Personalized Communications to expand the capabilities of its Receivables Advisor suite of SmartPay solutions. This new, expanded solution gives providers the ability to increase and accelerate patient collections with modern data science. Personalized Communications, a data-driven solution, identifies patients' preferred communications media to make it easier and more convenient for them to receive billing communications and make medical bill payments when, where and how they want ultimately leading to faster payments and, thus, increased collection rates for healthcare organizations. Rising patient financial responsibility and the increased prevalence of internet-enabled devices are driving providers to offer their patients a more familiar retail-like experience in patient communications and payment tools. In order to drive increased revenue cycle performance, providers need comprehensive, multi-channel communications solutions spanning diverse communication modes—including print, email, online, and mobile. With Personalized Communications, providers can orchestrate multiple communications options and outreach to patients in their preferred channel.

Change Healthcare Holdings, Inc. Announces Delivery of Conditional Notices of Redemption for All of its Outstanding 11.00% Senior Notes Due 2019, 11.25% Senior Notes Due 2020 and 6.00% Senior Notes Due 2021

Change Healthcare Holdings, Inc. announced that conditional notices of redemption were delivered to the holders of its 11.00% Senior Notes due 2019 (the "2019 Notes"), 11.25% Senior Notes due 2020 (the "2020 Notes") and 6.00% Senior Notes due 2021 (the "2021 Notes," and collectively with the 2019 Notes and the 2020 Notes, the "Senior Notes"). Subject to the satisfaction or waiver of the conditions set forth therein, Change Healthcare intends to redeem the Senior Notes on March 1, 2017. The redemption prices will include a 2.750% premium for the 2019 Notes, a 2.813% premium for the 2020 Notes and a make-whole premium for the 2021 Notes plus, in each case, accrued and unpaid interest up to, but excluding, the redemption date. The redemption of the Senior Notes is subject to and conditioned upon the consummation of the transactions under the previously announced Agreement of Contribution and Sale dated June 28, 2016 (the "Contribution Agreement"), pursuant to which Change Healthcare and McKesson Corporation will form a new healthcare information technology company, combining substantially all of Change Healthcare's business and the majority of McKesson Technology Solutions ("MTS"). The consummation of the transactions under the Contribution Agreement remains subject to customary closing conditions.

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