Change Healthcare Inc. Announces the Completion of Split-Off of McKesson’s Ownership Interest
10 März 2020 - 2:28PM
Business Wire
Change Healthcare Inc. (Nasdaq: CHNG), a leading independent
healthcare technology company, today announced the successful
completion of McKesson Corporation's ("McKesson") previously
announced disposition of its ownership interest in Change
Healthcare to McKesson stockholders in an exchange offer
transaction.
As separately announced today by McKesson, McKesson accepted an
aggregate of 15,426,537 shares of McKesson common stock in exchange
for all 175,995,192 outstanding shares of PF2 SpinCo, Inc.
(“SpinCo”) common stock in the exchange offer. Immediately
following consummation of the exchange offer, SpinCo was merged
with and into Change Healthcare, and each outstanding share of
SpinCo common stock was converted into one share of Change
Healthcare common stock. As a result, McKesson no longer owns any
voting or economic interest in Change Healthcare.
"We started our journey three years ago, combining Change
Healthcare with the majority of the McKesson Technology Solutions
businesses to create a leading healthcare information technology
company," said Neil de Crescenzo, president and chief executive
officer of Change Healthcare. "Today, we are an independent market
leader, innovating on our platform to improve clinical, financial
and patient engagement outcomes across the U.S. healthcare system.
With our established and scaled platform, a strong new business
pipeline, a world-class innovation engine and deep customer and
partner relationships, we are well positioned to accelerate growth
and performance over the coming years."
Details of the results of the exchange offer are available in
the following press releases issued this morning by McKesson:
McKesson Announces Preliminary Results of Exchange Offer
McKesson Completes Split-off of Its Interest in Change
Healthcare
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.
CHNG-IR
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of federal securities laws. Any statements made in this
press release that are not statements of historical fact, including
statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements include information
concerning possible or assumed future results of operations,
including descriptions of our business plans and strategies. These
statements often include words such as “anticipate,” “expect,”
“suggest,” “plan,” “believe,” “intend,” “estimate,” “target,”
“project,” “should,” “could,” “would,” “may,” “will,” “forecast,”
“outlook,” “potential,” “continues,” “seeks,” “predicts,” and the
negatives of these words and other similar expressions.
Forward-looking statements involve known and unknown risks,
uncertainties, including factors disclosed in the Registration
Statement on Form S-4 (No. 333-236234) in the section entitled
“Risk Factors,” and other factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Given these
uncertainties, you should not place undue reliance on any
forward-looking statements in this release. All forward-looking
statements are based on information currently available to Change
Healthcare and are qualified in their entirety by this cautionary
statement. The statements herein speak only as of the date such
statements were first made. Except to the extent required by law,
Change Healthcare assumes no obligation to update any such
forward-looking statements or other statements included in this
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200310005594/en/
Evan Smith, CFA Investor Relations 404-338-2225
Evan.Smith@changehealthcare.com Kerry Kelly External Communications
339-236-2756 Kerry.Kelly@changehealthcare.com
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