Change Healthcare Announces Sale of Capacity Management Business to HealthStream
30 November 2020 - 10:08PM
Business Wire
Today Change Healthcare (Nasdaq: CHNG),a leading independent
healthcare technology company, announced the sale of its Capacity
Management business to HealthStream, a leading provider of
workforce and provider solutions for the healthcare industry.
The sale supports Change Healthcare’s stated commitment to focus
on and invest in core aspects of its business to fuel growth and
advance innovation.
“The sale of the Capacity Management business aligns with our
strategy to concentrate on the primary areas of our business to
achieve the best outcomes for our customers through the power of
the Change Healthcare platform,” said Neil de Crescenzo, president
and CEO, Change Healthcare. “By placing the Capacity Management
business with HealthStream, an innovator with a successful track
record, it will be able to carry on its important work within an
organization that will continue to support its core mission and
strategies.”
Change Healthcare’s Capacity Management business is a leader in
its market, with a focus on nurse staffing, improving patient flow,
and predictive modeling for patient demand to help hospitals become
more efficient. Notable products in the Capacity Management
portfolio include ANSOS, Enterprise Visibility, and Capacity
Planner.
The sale is subject to customary closing conditions and is
expected to be completed in the coming weeks.
William Blair acted as financial advisor to Change Healthcare on
the sale.
About Change Healthcare
Change Healthcare (Nasdaq: CHNG) is a leading independent
healthcare technology company, focused on accelerating the
transformation of the healthcare system through the power of the
Change Healthcare Platform. We provide data and analytics-driven
solutions to improve clinical, financial, administrative, and
patient engagement outcomes in the U.S. healthcare system. Learn
more at changehealthcare.com.
For more information on Change Healthcare, please visit our
website, hear from our experts at Insights; Follow us on Twitter;
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version on businesswire.com: https://www.businesswire.com/news/home/20201130005832/en/
Media contact: Katherine Wojtecki
630-624-9142 Katherine.wojtecki@changehealthcare.com
Investor Relations: Evan Smith
404-338-2225 Evan.smith@changehealthcare.com
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