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Change Healthcare and McKesson to Create New Health Care IT Company

Practices: Private Equity, Securities & Public Companies, Tax, Finance, Antitrust

Ropes & Gray represented Change Healthcare Holdings, Inc. in the proposed creation of a new health care information technology company with McKesson Corporation, a leading global health care services and information technology company.

Based in Nashville, Tenn., Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights designed to enable smarter health care. Change Healthcare is currently majority-owned by Blackstone. 

The new entity will combine substantially all of Change Healthcare’s business and the majority of McKesson Technology Solutions, and will aim to deliver solutions that will help lower health care costs, improve patient access and outcomes, and make it simpler for payers, providers, and consumers to manage the transition to value-based care.

The transaction, which was announced June 28, is expected to close in the first half of 2017, subject to customary closing conditions.

The Ropes & Gray team advising Change Healthcare included private equity partner Newcomb Stillwell (Boston), securities & public companies partner Thomas Holden (San Francisco), tax partners Leo Arnaboldi (New York) and Pamela Glazier (Boston), finance partner Jay Kim (New York), securities & public companies counsel Jesse Cuevas (San Francisco), finance counsel Kevin Jarboe (Boston), antitrust partner Michael McFalls (Washington, D.C.), private equity associate Eric Issadore (San Francisco), and tax associate Benjamin Rogers (Boston).

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