Ropes & Gray advised eRx Network and eRx shareholders in the company’s sale to Change Healthcare. Change Healthcare acquired 100 percent of the ownership interest in eRx Network for a purchase price of $212.9 million plus cash on the balance sheet. The transaction was announced on May 4. The press release is here.
eRx Network is a leading provider of comprehensive, innovative, and secure data-driven solutions for pharmacies. Change Healthcare 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.
The Ropes & Gray team that advised eRx Network was led by private equity partner Eric Issadore (San Francisco), benefits partner Jennifer Rikoski (Boston), health care partner Deborah Gersh (Chicago), and tax partner Benjamin Rogers (San Francisco).
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