MCK - Change Healthcare Begins U.S. IPO Process
Quick Take
Change Healthcare (CHNG) intends to raise gross proceeds of $100 million from a U.S. IPO, according to an S-1 registration statement.
The firm operates a healthcare data technology platform in the US.
CHNG has a heavy debt load and isn’t growing topline revenue.
I’ll provide a final opinion when we learn more details about the IPO from management.
Company & Technology
Nashville, Tennessee-based Change Healthcare was founded in 1986 to improve clinical, financial and patient engagement outcomes in the U.S. healthcare system through data and analytics-driven solutions.
Management is headed