June 01, 2016 2:02 AM 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: 54
Chief Financial Officer and Executive Vice President
Age: 57
Executive Vice President of Operations
Executive Vice President of Change Healthcare, Chief Executive Officer of Altegra Health and President of Altegra Health
Chief Information Officer and Executive Vice President of Research & Development
Age: 53
Compensation as of Fiscal Year 2015.

Change Healthcare Holdings, Inc. Key Developments

Change Healthcare Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Reports Impairment of Long-Lived Assets for the First Quarter of 2016

Change Healthcare Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenue of $394,208,000 compared to $345,695,000 a year ago. Operating income was $18,161,000 compared to $24,206,000 a year ago. Loss before income tax benefit was $28,461,000 compared to $11,787,000 a year ago. Net loss was $15,456,000 compared to $5,747,000 a year ago. Net cash provided by operating activities was $12,164,000 compared to $33,698,000 a year ago. Purchases of property and equipment were $14,204,000 compared to $12,727,000 a year ago. Adjusted EBITDA was $96,266,000 compared to $87,561,000 a year ago. This increase in adjusted EBITDA compared to the prior year period was primarily due to business growth, including the impact of acquisitions. Cash flow from operations for the three months ended March 31, 2016 was negatively impacted by delays in the collection of receivables as a result of customer administrative requirements following the corporate rebranding to Change Healthcare completed in the fourth quarter of 2015. The company reported impairment of long-lived assets of $66,000 for the first quarter of 2016 compared to $839,000 a year ago.

Change Healthcare Holdings, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2015

Change Healthcare Holdings, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenue of $398,802,000, operating loss of $61,594,000, loss before income tax provision of $107,420,000, net loss of $65,341,000, adjusted EBITDA of $116,374,000 compared to the total revenue of $353,440,000, operating income of $36,279,000, income before income tax provision of $1,530,000, net loss of $338,000, adjusted EBITDA of $101,661,000 for the same quarter a year ago. For the year, the company reported total revenue of $1,477,083,000, operating loss of $7,726,000, loss before income tax provision of $170,412,000, net loss of $96,069,000, net cash provided by operating activities of $166,775,000, purchases of property and equipment of $56,963,000, adjusted EBITDA of $403,605,000 compared to the total revenue of $1,350,413,000, operating income of $26,449,000, loss before income tax provision of $117,719,000, net loss of $75,854,000, net cash provided by operating activities of $205,671,000, purchases of property and equipment of $55,926,000, adjusted EBITDA of $364,347,000 for the previous year.

Change Healthcare Holdings, Inc. Announces Resignation of Gary D. Stuart as Executive Vice President, Sales, Effective March 31, 2016

Change Healthcare Holdings, Inc. announced that, on January 8, 2016, Gary D. Stuart resigned from his position as Executive Vice President – Sales of the company effective March 31, 2016 or such earlier date as determined by the company following the completion of Mr. Stuart’s transition duties.

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