Change Healthcare Announces Sale of Capacity Management Business to HealthStream
Change Healthcare (Nasdaq: CHNG) announced the sale of its Capacity Management business to HealthStream, reinforcing its commitment to focus on core business areas. This transaction aims to enhance growth and innovation through the Change Healthcare platform. The Capacity Management business, known for its nurse staffing and patient flow solutions, will benefit from HealthStream's expertise. The sale is subject to customary closing conditions and is expected to finalize soon, with William Blair acting as financial advisor to Change Healthcare.
- Strategic sale aligns with Change Healthcare's focus on core business areas.
- Capacity Management business enhances operational efficiency in healthcare.
- None.
NASHVILLE, Tenn.--(BUSINESS WIRE)--Today Change Healthcare (Nasdaq: CHNG),a leading independent healthcare technology company, announced the sale of its Capacity Management business to HealthStream, a leading provider of workforce and provider solutions for the healthcare industry.
The sale supports Change Healthcare’s stated commitment to focus on and invest in core aspects of its business to fuel growth and advance innovation.
“The sale of the Capacity Management business aligns with our strategy to concentrate on the primary areas of our business to achieve the best outcomes for our customers through the power of the Change Healthcare platform,” said Neil de Crescenzo, president and CEO, Change Healthcare. “By placing the Capacity Management business with HealthStream, an innovator with a successful track record, it will be able to carry on its important work within an organization that will continue to support its core mission and strategies.”
Change Healthcare’s Capacity Management business is a leader in its market, with a focus on nurse staffing, improving patient flow, and predictive modeling for patient demand to help hospitals become more efficient. Notable products in the Capacity Management portfolio include ANSOS, Enterprise Visibility, and Capacity Planner.
The sale is subject to customary closing conditions and is expected to be completed in the coming weeks.
William Blair acted as financial advisor to Change Healthcare on the sale.
About Change Healthcare
Change Healthcare (Nasdaq: CHNG) is a leading independent healthcare technology company, focused on accelerating the transformation of the healthcare system through the power of the Change Healthcare Platform. We provide data and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the U.S. healthcare system. Learn more at changehealthcare.com.
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