Change Healthcare buys back pharmacy unit for $213M, sells analytics division to Kaufman Hall
Heather Landi | May 05, 2020
Change Healthcare announced a pair of deals Friday that expand its pharmacy solutions business while unloading its analytics unit.
The Nashville, Tennessee-based company acquired e-prescribing company eRx Network for nearly $213 million.
The company also sold its Connected Analytics business to Chicago-based Kaufman Hall & Associates for $55 million.
Kaufman Hall runs a portfolio of software, data and consulting businesses and works with more than 3,000 health care, higher education, and financial customers.
The company plans to combine the Connected Analytics portfolio, which includes Analytics Explorer, Performance Manager, and data solutions, with Axiom Software, the financial and clinical analytics platform of Kaufman Hall Software.
The Connected Analytics business serves more than 300 healthcare clients, including many of the largest hospitals and health systems in the U.S. Its Hadley, Massachusetts, office will join Kaufman Hall’s locations in Chicago, Los Angeles, Portland, Oregon, and Fort Collins, Colorado, to serve more than 800 healthcare clients across the U.S.