Change Healthcare files for $100M IPO

The Nashville region’s largest health-tech company, Change Healthcare, filed for a $100 million IPO March 15 in preparation for going public, the Nashville Business Journal reported.

The company, which was known as Emdeon before it bought Change Healthcare for $135 million in 2014, merged with the tech division of San Francisco-based McKesson Corp. in 2017, the Journal reported. A healthcare IT company, Change Healthcare aims to use revenue cycle management and analytics-driven solutions to help systems meet value-based care goals, according to its website. 

Based on the prospectus filed with the Securities and Exchange Commission, the company brought in $367 million on revenue of $2.45 billion for the nine-month period that ended Dec. 31 and will soon trade on the Nasdaq under the ticker symbol “CHNG.”

Read more below: