About Change Healthcare
Change Healthcare is a company based in Nashville (United States) founded in 2007 was acquired by UnitedHealth Group in October 2022.. Change Healthcare has raised $35.99 million across 7 funding rounds from investors including Optum, UnitedHealth Group and Blackstone. The company has 11,310 employees as of December 31, 2022. Change Healthcare has completed 7 acquisitions, including National Decision Support, Nucleus.io and PDX Inc. Change Healthcare offers products and services including Consulting Services, Data and Analytics, Financial Solutions, and Pharmacy Benefit Management. Change Healthcare operates in a competitive market with competitors including HealthEdge, Innovaccer, Zelis Healthcare, Alegeus and HighRoads, among others.
- Headquarter Nashville, United States
- Employees 11310 as on 31 Dec, 2022
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$3.48 B13as on Mar 31, 2022
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Net Profit
$-57.39 M49as on Mar 31, 2022
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EBITDA
$818.62 M18as on Mar 31, 2022
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Total Equity Funding
$35.99 M (USD)
in 7 rounds
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Latest Funding Round
$785 M (USD), Debt – Conventional
Aug 29, 2019
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Investors
Optum
& 11 more
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Employee Count
11310
as on Dec 31, 2022
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Investments & Acquisitions
National Decision Support
& 6 more
- Acquired by
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Products & Services of Change Healthcare
Change Healthcare offers a comprehensive portfolio of products and services, including Consulting Services, Data and Analytics, Financial Solutions, and Pharmacy Benefit Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Helps organizations create change and drive growth in healthcare
Converts real-world data into valuable insights for health systems
Creates unified systems to lower healthcare costs and improve efficiency
Drives better outcomes by increasing medication adherence and access
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Software Development Team
269 people
Leadership Team
189 people
Sales and Marketing
75 people
Finance and Accounting
28 people
Data Analysis and Operations Team
27 people
Human Resources and Administration
20 people
Operations Team
20 people
Senior Team
12 people
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Funding Insights of Change Healthcare
Change Healthcare has successfully raised a total of $35.99M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $785 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Conventional — $785.0M
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First Round
First Round
(01 Oct 2007)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Debt – Conventional - Change Healthcare | Valuation |
investors |
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| Jul, 2018 | Amount | Grant - Change Healthcare | Valuation |
investors |
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| Jul, 2014 | Amount | Series D - Change Healthcare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Change Healthcare
Change Healthcare has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Optum, UnitedHealth Group and Blackstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing in expansion stage tech and life sciences companies in the US
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Founded Year | Domain | Location | |
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Tech and Life Sciences focused VC firm investing in the US
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Founded Year | Domain | Location | |
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Early-stage US venture capital investments are made by Sandbox Industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Change Healthcare
Change Healthcare has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include National Decision Support, Nucleus.io and PDX Inc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Healthcare analytic solutions are provided for industry stakeholders.
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2017 | ||||
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Clinical data and medical images are managed through software solutions.
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2016 | ||||
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Cloud-based clinical decision support solutions are delivered to healthcare providers.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Change Healthcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Change Healthcare Comparisons
Competitors of Change Healthcare
Change Healthcare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HealthEdge, Innovaccer, Zelis Healthcare, Alegeus and HighRoads, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
SaaS-based suite solutions for payers are provided by HighRoads.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Change Healthcare
Frequently Asked Questions about Change Healthcare
When was Change Healthcare founded?
Change Healthcare was founded in 2007.
Where is Change Healthcare located?
Change Healthcare is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Is Change Healthcare a funded company?
Change Healthcare is a funded company, having raised a total of $35.99M across 7 funding rounds to date. The company's 1st funding round was a Series D of $5M, raised on Oct 01, 2007.
How many employees does Change Healthcare have?
As of Dec 31, 2022, the latest employee count at Change Healthcare is 11,310.
What is the annual revenue of Change Healthcare?
Annual revenue of Change Healthcare is $3.48B as on Mar 31, 2022.
What does Change Healthcare do?
Change Healthcare was founded in 2007 in Nashville, United States, and operates in the healthcare technology sector. A cloud-based suite is provided to payers, providers, and patients, with services focused on optimizing wellness programs and on-site clinics. Proprietary data analysis is employed to produce cost details, savings opportunities, and tailored messaging. Additional features encompass patient engagement and revenue cycle management.
Who are the top competitors of Change Healthcare?
Change Healthcare's top competitors include HealthEdge, Innovaccer and Zelis Healthcare.
What products or services does Change Healthcare offer?
Change Healthcare offers Consulting Services, Data and Analytics, Financial Solutions, and Pharmacy Benefit Management.
How many acquisitions has Change Healthcare made?
Change Healthcare has made 7 acquisitions, including National Decision Support, Nucleus.io, and PDX Inc.
Who are Change Healthcare's investors?
Change Healthcare has 12 investors. Key investors include Optum, UnitedHealth Group, Blackstone, gov.il, and Emdeon.
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