Change Healthcare Acquires eRx Network

Change Healthcare (Nasdaq: CHNG) announced it has exercised its option to purchase and completed the acquisition of eRx Network (“eRx”), a leading provider of comprehensive, innovative, and secure data-driven solutions for pharmacies. Change Healthcare acquired 100 percent of the ownership interest in eRx Network for a purchase price of $212.9 million plus cash on the balance sheet. eRx generated approximately $67 million in annual revenue for the twelve-month period ended February 29, 2020. The transaction supports Change Healthcare’s commitment to focus on and invest in core aspects of the business to fuel long-term growth and advance innovation. eRx’ s real-time pharmacy network is integrated into pharmacies’ workflows. eRx helps pharmacies improve operational efficiency and optimize reimbursement, enabling providers to cost-effectively exchange electronic prescriptions with pharmacies. eRx also facilitates partner programs that help pharmacies improve profitability and helps payers, pharmaceutical companies, and other industry stakeholders administer patient-centric programs.

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