Nashville, Tenn.-based Emdeon Inc. has entered into an agreement to acquire Change Healthcare, which provides healthcare consumer engagement and cost transparency solutions. The company says the acquisition will enable it to combine cost and quality information with consumer behavioral insights.
Emdeon will acquire Change Healthcare, a privately held company, for approximately $135 million in cash payable at closing, plus additional contingent payments of up to $50 million based upon the attainment of financial performance objectives of the acquired business through the end of 2017.
Change Healthcare which is also headquartered in Nashville, will form the core of the company's healthcare consumer engagement business, according to Emdeon. The business will be led by Change Healthcare's president and CEO, Doug Ghertner, who will report to Neil de Crescenzo, Emdeon's CEO.
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