Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers software and analytics solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; network; electronic payments; data; pharmacy; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee.

Robert Hendrick

Christopher Parks

Change Healthcare Inc.

Retina Clinic specializes in the treatment of retinal and vitreous diseases.

Retina Clinic

Illumina provides sequencing and array solutions to advance genomic research. Their products include instruments, kits, reagents, software, and analysis services.

Larry Bock

Satnam Alag

David R. Walt

John Stuelpnagel

Illumina

Vee Technologies provides technology-enabled professional services across various industries, including healthcare, finance, and consulting. The company focuses on enhancing operational efficiency and delivering business outcomes, self-described as a provider of extraordinary outcomes through their expertise.

Vee Technologies

Optum

Change Healthcare is now a part of Optum. To stay up-to-date with news please connect with us at Optum.com.

At both Optum and Change Healthcare, our teams strive to help people live healthier lives and help the health system work better for everyone. 


Mitsui Global Investment

BlueCross BlueShield Venture Partners

Noro-Moseley Partners

Omidyar Network

The Blue Venture Fund

West Health Investment Fund

Global Investment Partners

HLM Venture Partners

Sandbox Industries

Change Healthcare

You can now find us at Optum as we work together to achieve a simpler, more intelligent and adaptive health system for patients, payers and care providers. https://bit.ly/41JwhOS

Incorporate automated, digital patient engagement tools to help streamline the patient experience and improved outcomes. https://lnkd.in/etyebi8y

It’s not surprising that about 2/3 of patients would pay their bills faster if providers used their preferred communication method. Our new SmartPay Plus solution simplifies and automates collection workflows and financial communications to help improve revenue performance, while also improving the patient experience. https://bit.ly/3ZBQHrH

Metric
Company Name	Change Healthcare Inc.	Retina Clinic	Illumina	Vee Technologies
Symbol	CHNG
MSH ID	COM:CHANGEHEALTHCARE	BR:COM:RETINA	COM:ILLUMINA	COM:VEETECHNOLOGIES
Market	STOCKS	PRIVATE	PRIVATE	PRIVATE
Sector	Healthcare	Healthcare & Health Services	Healthcare & Health Services	Commercial & Professional Services
Industry	Medical - Healthcare Information Services	Medical Services	Biotechnology	Consulting and Professional Services
Country	US	BR	US	US
Stage
Employee Count	14K		9.14K
Website	changehealthcare.com	retina.com.br	illumina.com	veetechnologies.com
LinkedIn	change-healthcare	retina-clinic
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	295.49K	937.78K	14.22K
Web Traffic Growth	-0.09	-0.07	-0.77
Valuation
Raised Capital		500M

Metric
Revenue	3.48B
Revenue (LTM)
Revenue (NTM)
Gross Profit	1.85B
EBITDA	813.56M
Operating Income	128.24M
Net Income	-57.39M
EPS	-0.18
Diluted EPS	-0.18
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	1
Operating Profit Margin	0.06
EBITDA Margin	0.23
Net Profit Margin	-0.04
Return on Equity	-0.05
Return on Assets	-0.02
Return on Capital Employed	0.03

COM:CHANGEHEALTHCARE

Change Healthcare

Last Close

27.42

30/09 20:00

Volume Today

28.98M

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-146.46
P/B Ratio	2.73
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple	-4.86

Metric
Days Sales Outstanding	145.16
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover	0.35

Metric
Operating Cash Flow	696.88M
Free Cash Flow	420.60M
Cash Flow to Debt	0.15
Operating Cash Flow/Sales	0.20
Free Cash Flow Yield

Metric
Cash & Equivalents	252.30M
Accounts Receivable	12.29M
Inventory
Goodwill	4.11B
Debt to Capitalization	0.59
Debt to Assets	0.47
Current Ratio	1.23
Quick Ratio	0.90

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.08
R&D to Revenue	0.08
SG&A to Revenue