Change Healthcare Announces Sale of its Connected Analytics Business to Kaufman Hall
NASHVILLE, Tenn.--(BUSINESS WIRE)--May 4, 2020--
Today Change Healthcare (Nasdaq: CHNG) announced the sale of its Connected Analytics business to Kaufman Hall, a leading provider of enterprise performance management (EPM) software, data, and management consulting services.
The transaction supports Change Healthcare’s commitment to focus on and invest in core aspects of their business to fuel growth and advance innovation.
Products in the Connected Analytics business include Performance Manager and Analytics Explorer, as well as Data Platform & Solutions, HIE, and Orders & Results. Change Healthcare retains all solutions in the business that are not listed here.
“The sale of the Connected Analytics business aligns with our previously stated strategic intent to concentrate on the areas of our business where we can drive the greatest impact for our customers, through our Change Healthcare platform,” said Neil de Crescenzo, president and CEO, Change Healthcare. “This action strengthens our ability to direct our focus and resources towards that objective, while placing the Connected Analytics business with an organization that can support its core mission and strategies. We remain committed to our Connected Analytics business customers and will work closely with Kaufman Hall to provide a seamless and uninterrupted transition.”
William Blair acted as financial advisor to Change Healthcare on the transaction, and Ropes & Gray LLP acted as legal advisor.
About Change Healthcare
Change Healthcare (Nasdaq: CHNG) is a leading independent healthcare technology company that provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system. We are a key catalyst of a value-based healthcare system, accelerating the journey toward improved lives and healthier communities. Learn more at changehealthcare.com.
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Evan Smith, CFA
Source: Change Healthcare Inc.