Change Healthcare Overview

  • Status
  • Acquired/​Merged

  • Employees
  • 14,000

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 19

  • Investments
  • 32

Change Healthcare General Information

Description

Change Healthcare is a spinoff of various healthcare processing and consulting services acquired by McKesson over numerous years. Recently, these processing assets were contributed to a joint venture and in June 2019 public shares were issued with McKesson retaining the majority interest. As of the end of the March 2020 quarter, McKesson distributed all its interest in the public processor. Core services consist of insurance (healthcare) claim clearinghouse for healthcare payers in addition to administrative and consulting services to assist healthcare providers improve reimbursement coding, billing, and collections.

Contact Information

Formerly Known As
Emdeon, Emdeon Inc.
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Primary Industry
Enterprise Systems (Healthcare)
Other Industries
Other Healthcare Technology Systems
Parent Company
Former Stock Listing
CHNG
Corporate Office
  • 424 Church Street
  • Suite 1400
  • Nashville, TN 37219
  • United States
+1 (866) 000-0000

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Change Healthcare Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Change Healthcare Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Change Healthcare is a spinoff of various healthcare processing and consulting services acquired by McKesson over numero
Enterprise Systems (Healthcare)
Nashville, TN
14,000 As of 2022
00.000
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0000000000 0000000 (
Boston, MA
0000 As of 0000
00.000
000000000 00.000

000000

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00000 0000000000 000
South Jordan, UT
0000 As of 0000
00000
00000000000 00000
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Change Healthcare Competitors (11)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Athenahealth Formerly PE-Backed Boston, MA 0000 00.000 000000000 00.000
Health Catalyst Formerly VC-backed South Jordan, UT 0000 00000 00000000000 00000
Medical Information Technology Formerly PE-Backed Canton, MA 0000 00000000
Waystar Health Private Equity-Backed Louisville, KY 0000 00.000 00000000 00.000
Availity Private Equity-Backed Jacksonville, FL 0000 00000 00000000000 00000
You’re viewing 5 of 11 competitors. Get the full list »

Change Healthcare Patents

Change Healthcare Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240185969-A1 Systems and methods for automatically selecting medicare administrative contractors Pending 06-Dec-2022 000000000
US-20240171396-A1 Cross-entity load balancing using a distributed ledger Pending 23-Nov-2022 00000000
US-20240160775-A1 Systems and methods for enforcing policies on electronic health record requests Pending 16-Nov-2022 00000000000
US-20240161889-A1 Systems and methods for providing access to electronic health records using a virtual health wallet Pending 15-Nov-2022 000000000
US-20240154808-A1 Systems and methods of trace id validation and trust Pending 03-Nov-2022 H04L9/3213
To view Change Healthcare’s complete patent history, request access »

Change Healthcare Executive Team (65)

Name Title Board Seat Contact Info
Neil de Crescenzo President, Chief Executive Officer & Board Member
Kriten Joshi Ph.D Executive Vice President & President, Network Solutions
Paul Rareshide Chief Accounting Officer, Accounting & Controller, Finance
Loretta Cecil Executive Vice President & General Counsel
You’re viewing 4 of 65 executive team members. Get the full list »

Change Healthcare Board Members (15)

Name Representing Role Since
0000 00 000000000 Change Healthcare President, Chief Executive Officer & Board Member 000 0000
0000 00000000 Self Board Member 000 0000
You’re viewing 2 of 15 board members. Get the full list »

Change Healthcare Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Change Healthcare Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Change Healthcare Investments & Acquisitions (32)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
BEKHealth 16-Jun-2021 0000 00000 00.000 Enterprise Systems (Healthcare)
Prometheus Analytics 26-Aug-2020 0000000000 Enterprise Systems (Healthcare) 000000 00
Nucleus.io 18-Aug-2020 0000000000 000.00 Other Healthcare Technology Systems 00000 000
PDX (Texas) 01-Jun-2020 0000000000 00000 Enterprise Systems (Healthcare) 0000 00 0
eRx Network 01-May-2020 Buyout/LBO 00000 Enterprise Systems (Healthcare) 0000 00 0
You’re viewing 5 of 32 investments and acquisitions. Get the full list »

Change Healthcare Subsidiaries (2)

Company Name Industry Location Founded
Nucleus.io Other Healthcare Technology Systems San Diego, CA 2006
Prometheus Analytics Enterprise Systems (Healthcare) North Potomac, MD
To view Change Healthcare’s complete subsidiaries history, request access »

Change Healthcare Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
MDsave 07-Jan-2019 00000 00000 00 Completed
  • 000000 0000000000
Saltzer Medical Group 01-Jan-2017 000000000000000000 Completed
  • 000000 0000000000
Enclarity 04-May-2010 00000 00000 00 00.000 Completed
  • 000000 0000000000
Vips 11-Aug-2004 Buyout/LBO 00000 Completed
  • 2 buyers
To view Change Healthcare’s complete exits history, request access »

Change Healthcare FAQs

  • Who is the founder of Change Healthcare?

    Christopher Parks is the founder of Change Healthcare.

  • Who is the CEO of Change Healthcare?

    Neil de Crescenzo is the CEO of Change Healthcare.

  • Where is Change Healthcare headquartered?

    Change Healthcare is headquartered in Nashville, TN.

  • What is the size of Change Healthcare?

    Change Healthcare has 14,000 total employees.

  • What industry is Change Healthcare in?

    Change Healthcare’s primary industry is Enterprise Systems (Healthcare).

  • Is Change Healthcare a private or public company?

    Change Healthcare is a Private company.

  • What is the current valuation of Change Healthcare?

    The current valuation of Change Healthcare is 0000.

  • What is Change Healthcare’s current revenue?

    The current revenue for Change Healthcare is 000000.

  • How much funding has Change Healthcare raised over time?

    Change Healthcare has raised $7.48B.

  • Who are Change Healthcare’s investors?

    AlpInvest Partners, Blackstone, Blue Venture Fund, Crimson Ventures, and General Atlantic are 5 of 12 investors who have invested in Change Healthcare.

  • Who are Change Healthcare’s competitors?

    Athenahealth, Health Catalyst, Medical Information Technology, Waystar Health, and Availity are some of the 11 competitors of Change Healthcare.

  • When was Change Healthcare acquired?

    Change Healthcare was acquired on 03-Oct-2022.

  • Who acquired Change Healthcare?

    Change Healthcare was acquired by Optum.

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