Private company

Change Healthcare Inc.

American computer processing and data preparation services company1

In its 2022 annual report the company says: “Change Healthcare Inc. is a leading healthcare technology company, focused on accelerating the transformation of the healthcare system through the power of our 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.”51 It is headquartered in Nashville, Tennessee.1

Last updated Oct 20, 2026.

Overview

$3.5BRevenue, fiscal 20222
-$57.4MNet income, fiscal 20222
  • IndustryServices-Computer Processing & Data Preparation1
  • HeadquartersNashville, Tennessee1
  • Incorporated inDE3
  • Business address424 Church Street, Suite 1400, Nashville, Tn 372193
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

3.9%Operating margin2
-1.6%Net margin2
12.6%Revenue growth, 20222
-1.8%Return on equity2
1.40×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Research and development8¢$277.9M
  • Selling, general and admin21¢$734.6M
  • Other costs63¢$2.2B
  • Interest7¢$234.2M
  • Income tax1¢$48.6M

Out of $3.5B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$696.9M

Out of $696.9M of cash from operations.2

Financial statements

Revenue2$3.5B in 2022+1669% since 2020
0$1.0B$2.0B$3.0B$4.0B2020: $196.8M$196.8M20202021: $3.1B$3.1B2021+1470%2022: $3.5B$3.5B2022+13%
Operating income452$136.8M in 2022
-$750.0M-$500.0M-$250.0M0$250.0M2018: -$180.0K-$180.0K20182019: -$1.2M-$1.2M2019+544%2020: -$711.2M-$711.2M2020+61262%2021: $100.1M$100.1M20212022: $136.8M$136.8M2022+37%
Net income452-$57.4M in 2022
-$1.0B-$500.0M0$500.0M2018: $61.0M$61.0M20182019: -$52.0M-$52.0M20192020: -$947.6M-$947.6M2020+1722%2021: -$112.2M-$112.2M2021−88%2022: -$57.4M-$57.4M2022−49%
Fiscal year201720182019202020212022
Revenue$196.8M2$3.1B2$3.5B2
Research and development$11.6M2$227.0M2$277.9M2
Selling, general and admin$180.0K4$1.2M5$39.9M2$686.6M2$734.6M2
Operating expenses$3.3B2
Operating income-$180.0K4-$1.2M5-$711.2M2$100.1M2$136.8M2
Interest$16.7M2$245.2M2$234.2M2
Income before tax-$106.0M2
Income tax-$119.6M4-$18.6M5-$143.3M2-$35.2M2-$48.6M2
Net income$61.0M4-$52.0M5-$947.6M2-$112.2M2-$57.4M2
Earnings per share$0.814-$0.695-$6.922-$0.352-$0.017
Earnings per share (diluted)$0.784-$0.695-$6.922-$0.352-$0.017
Shares (weighted, basic)322.5M shares7
Shares (weighted, diluted)322.5M shares7

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Corporate structure

Change Healthcare Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Change Healthcare Inc.

  • ABRAMS CAPITAL MANAGEMENT, L.P. Filed SC 13G/A on Change Healthcare Inc., latest Feb 2, 2023 (3 filings since Feb 14, 2022)
  • Farallon Capital Partners, L.P. Filed SC 13D on Change Healthcare Inc., latest Oct 7, 2022
  • Clarkston Capital Partners, LLC Filed SC 13G/A on Change Healthcare Inc., latest Feb 10, 2022
  • VANGUARD GROUP INC Filed SC 13G/A on Change Healthcare Inc., latest Feb 9, 2022
  • Change Healthcare Inc. Nashville, Tennessee

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Change Healthcare Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$257.2M2 Mar 31, 2022$233.8M2 Mar 31, 2021+10.0%
Accumulated depreciation$115.9M2 Mar 31, 2022$59.4M2 Mar 31, 2021+95.0%
Property and equipment, net$141.3M2 Mar 31, 2022$174.4M2 Mar 31, 2021−18.9%
Finance-lease assets$1.4M2 Mar 31, 2022$1.9M2 Mar 31, 2021−26.3%
Operating-lease assets (leased space)$65.7M2 Mar 31, 2022$93.4M2 Mar 31, 2021−29.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$252.3M2 Mar 31, 2022$113.1M2 Mar 31, 2021+123.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.1B2 Mar 31, 2022$4.1B2 Mar 31, 2021+0.1%
Intangible assets, net (excluding goodwill)$3.7B2 Mar 31, 2022$4.2B2 Mar 31, 2021−11.6%
Finite-lived intangibles, gross$4.7B2 Mar 31, 2022$4.7B2 Mar 31, 2021+0.2%
Accumulated amortization$984.1M2 Mar 31, 2022$488.4M2 Mar 31, 2021+101.5%
Finite-lived intangibles, net$3.7B2 Mar 31, 2022$4.2B2 Mar 31, 2021−11.6%

Leadership

Who has led Change Healthcare Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Crescenzo Neil E. De2019–2022

President

  1. Crescenzo Neil E. De2019–2022

Chief financial officer

  1. Fredrik J. Eliasson2019–2022
20202025
Board members and other officers (23)

Timeline

  1. Oct 3, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer33
  2. Sep 21, 20228-K Other events34
  3. Aug 3, 20228-K Results of operations35
  4. Jul 19, 20228-K Other events36
  5. Jun 7, 20228-K Executive or director change37
  6. May 25, 20228-K Results of operations38
  7. May 4, 20228-K Other events39
  8. Apr 25, 20228-K Other events40
  9. Apr 21, 20228-K Executive or director change41
  10. Apr 11, 20228-K Executive or director change42
  11. Apr 5, 20228-K Entered a material agreement; Other events43
  12. Mar 30, 20228-K Shareholder vote44
  13. Jun 27, 2019New chief executive Crescenzo Neil E. De becomes CEO9

Calendar

When it reported results

  1. Aug 3, 2022Reported quarterly or annual results35
  2. May 25, 2022Reported quarterly or annual results38
  3. Feb 2, 2022Reported quarterly or annual results45
  4. Nov 3, 2021Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

137 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 18 major events, 104 insider forms, 6 large holders, 4 other. The latest 20:

  1. Feb 2, 2023SC 13G/A EDGAR
  2. Oct 13, 202215-12G EDGAR
  3. Oct 7, 2022SC 13D EDGAR
  4. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  5. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  6. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  7. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  8. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  9. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  10. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  11. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  12. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  13. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  14. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  15. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  16. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  17. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  18. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  19. Oct 5, 20224 FORM 4 SUBMISSION EDGAR
  20. Oct 5, 20224 FORM 4 SUBMISSION EDGAR

The 137 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 19, 2021Rareshide PaulSVP, Corporate ControllerSale4,579$20.60$94.3KForm 4
Nov 11, 2021Martin Steven B.EVP, Enterprise TechnologySale8,857$21.35$189.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Change Healthcare Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARChange Healthcare Inc.1
  • CIK0001756497
  • Employer ID (EIN)82-21520981
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsMarch 311
  • Industry code (SIC)7374 Services-Computer Processing & Data Preparation1
  • Business address424 Church Street, Suite 1400, Nashville, TN 372191
  • Phone615-932-30001
  • Shares outstanding328,308,520 as of Jul 22, 20227
  • Public float$5.3B as of Sep 30, 20218
  • On EDGAR sinceOct 26, 20181
  • Filings375 in all: 4 (165), 8-K (53), 3 (29), SC 13G/A (14), CORRESP (13), DEFA14A (13), 10-Q (10), 4/A (10)1
    All 36 form types

    SC 13G (10), UPLOAD (10), S-1/A (5), DRSLTR (4), 10-K (3), DRS/A (3), S-4/A (3), 10-K/A (2), 15-12G (2), 25-NSE (2), 424B4 (2), 425 (2), DEF 14A (2), DRS (2), EFFECT (2), SC 13D (2), 424B3 (1), 8-A12B (1), CERT (1), DEFM14A (1), DFAN14A (1), FWP (1), PREM14A (1), S-1 (1), S-4 (1), S-8 (1), S-8 POS (1), SD (1)

  • Latest filingsAnnual report (10-K) May 26, 2022
    Quarterly report (10-Q) Aug 4, 2022
    Proxy statement (DEF 14A) Feb 28, 2022
    Latest 8-K (8-K) Oct 3, 2022

Sources

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