Change Healthcare Acquires PDX
01 Juni 2020 - 6:00PM
Business Wire
Today, Change Healthcare (Nasdaq: CHNG) announced the
acquisition of PDX, a leader in providing patient centric and
innovative technologies for pharmacies and health systems.
PDX’s fully integrated retail, specialty, and outpatient
pharmacy solutions aim to drive superior operational results for
pharmacies while improving outcomes for patients. Their portfolio
of solutions includes an Enterprise Pharmacy System™ software, a
comprehensive suite of products and services that range from robust
data analytics to revenue cycle management, and a flexible clinical
services platform.
Today’s transaction complements Change Healthcare’s recent
acquisition of eRx Network and demonstrates the company’s continued
investment in core aspects of the business to fuel innovation and
long-term growth. The combination of Change Healthcare, eRx
Network, and PDX will result in faster, more integrated development
and cross selling opportunities for Change Healthcare’s combined
portfolio of pharmacy network, software, and analytics
solutions.
“For over 30 years, PDX has played a critical role in helping
pharmacies streamline operations and leverage automation and
business intelligence––essential elements in an increasingly
competitive retail pharmacy landscape,” said Neil de Crescenzo,
president and CEO of Change Healthcare. “Combined with our existing
Change Healthcare solutions, we now have a broad portfolio of
offerings for pharmacies, an expanded high-quality customer base
with significant growth opportunities, and the potential to enter
new markets.”
Pharmacies and health systems across the U.S. benefit from
technologies and services provided by PDX. Built on a 30-plus year
commitment to excellence in healthcare and optimal patient
outcomes, PDX has delivered pharmacy and clinical technology
solutions that allow pharmacies to process prescriptions, perform
reconciliation and adjudication, manage and give authorized
caregivers and patients access to healthcare records. This is
accomplished through solutions including Absolute AR® revenue cycle
management for pharmacies, the PDX pharmacy software management
system with applications to assist retail pharmacies with inventory
management, clinical programs, and business intelligence, and point
of sale solutions.
“After founding PDX with Ron Austring in 1985, PDX has been
extremely fortunate to attract a talented group of people to create
the Absolute AR®, National Health Information Network® (NHIN), and
Freedom Data Systems, Inc.® companies and organizations. Under the
leadership of Neil de Crescenzo, the dedicated staff of the PDX
companies will continue to serve the pharmacy industry with
superior products and services,” said Ken Hill, founder and
chairman of the board, PDX Companiesi.
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
_________________________ iEnterprise Pharmacy System is a
trademark of PDX, Inc. in the United States, and/or other
countries. Absolute AR and National Health Information Network are
registered trademarks of National Health Information Network, Inc.
in the United States, and/or other countries. Freedom Data Systems,
Inc. is a registered trademark of Freedom Data Systems, Inc. in the
United States and/or other countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20200601005527/en/
Change Healthcare Kerry Kelly External Communications
339-236-2756 kerry.kelly@changehealthcare.com
Evan Smith, CFA Investor Relations 404-338-2225
evan.smith@changehealthcare.com
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