McKesson (MCK) Enters Merger Agreement with Change Healthcare
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McKesson and Change Healthcare to Form New Healthcare Information Technology Company
June 28, 2016 8:15 AM EDTNew entity to combine majority of McKesson Technology Solutions and Change Healthcare into separate company positioned to address the healthcare industrys emerging and most pressing challenges. Transaction to create new company with $3.4 billion in pro forma combined total annual revenues for the fiscal year ended March 31, 2016. Brings together broad portfolio of complementary capabilities to deliver wide-ranging financial, operational and clinical benefits to payers, providers, and consumers. McKesson and Change Healthcare will own approximately 70% and 30%, respectively, of the new company and will receive cash proceeds of... More
