Blackstone-backed Emdeon to Acquire Change Healthcare
November 21, 2014
Emdeon, a portfolio company of The Blackstone Group, has entered into a definitive agreement to acquire Change Healthcare for approximately $135 million in cash as well as additional contingent payments of up to $50 million based upon performance through 2017. A provider of healthcare transparency and consumer engagement solutions, the company supplies products intended to allow consumers to better understand and utilize their healthcare benefits as well as manage their healthcare spending. Change Healthcare has previously received venture capital funding from firms such as HLM Venture Partners and Mitsui Global Investment, among others. Emdeon, a provider of revenue and payment cycle management, was acquired by Blackstone in 2011, with Hellman & Friedman retaining a minority stake.